Link to thread on 'mark steyn on classic musicals', where this musical comes up.
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Knightley eyes Columbia's 'Fair Lady'
Eliza Doolittle is set for another bigscreen makeover.
Columbia Pictures is tuning up a "My Fair Lady" redo, with Keira Knightley in talks to star as the simple Cockney flower girl who is transformed into a lady.
The studio declined comment on casting of the project, being produced by Duncan Kenworthy ("Love Actually," "Notting Hill") and London legit maven Cameron Mackintosh. . . .
While it's being called an update, the film will use the tuner's score and retain its 1912 setting. Where possible, Kenworthy and Mackintosh intend to shoot the film on location in the original London settings of Covent Garden, Drury Lane, Tottenham Court Road, Wimpole Street and the Ascot racecourse. (The 1964 Warner Bros. film was lensed entirely on Hollywood soundstages.)
The filmmakers plan to adapt Alan Jay Lerner's book more fully for the screen by drawing additional material from George Bernard Shaw's play "Pygmalion," which served as the source material for the musical. The goal is to dramatize the emotional highs and lows of Doolittle as she undergoes the ultimate metamorphosis under the tutelage of Professor Henry Higgins. . . .
Variety, June 5

(Though not, presumably, in A MAN FOR ALL SEASONS. He died 45 years before it opened in the West End.)