DuVernay is best-known for Netflix doc 'The 13th', which won a slew of awards and earned an Academy award nomination.

She announced the news about the Prince project on Twitter.

"Prince was a genius, a joy and a jolt to the senses," she tweeted. "He was like no other.

"He shattered preconceived notions, smashed boundaries, and shared his heart through his music. The only way I know how to make this film is with love and great care. I’m honored to do so and grateful."

Prince's estate has reportedly granted DuVernay and her team full access to archived recordings and other unreleased material.

Not only that but according to Deadline, she got a blessing from the man himself, as Prince reached out to the director in the hopes that they could work together, before his death in 2016.

DuVernay and her frequent collaborating editor Spencer Averick have reportedly visited Prince’s Paisley Park home and studios several times over the last few months to prepare for the currently untitled movie.

DuVernay also has a miniseries in the works called 'Central Park Five.' She is also set to direct the superhero movie 'New Gods' at Warner Bros., which will make her the first woman of color to helm a DC movie.

Other past works of hers include Martin Luther King biopic 'Selma' and Disney fantasy feature 'A Wrinkle in Time.'