Gyllenhaal, Pine go Into The Woods?
Jake and Chris haven't clinched parts yet, but are apparently expected to receive offers after meeting and singing for director Rob Marshall.
Meryl Streep and Johnny Depp are already on board for the musical movie, which is a mash-up of different fairytales that follows a baker (James Corden) and his wife as they attempt to lift a family curse by journeying into the woods to confront the witch that put the spell on them.
Oscar-winner Meryl is set to play the part of the villainous witch and Johnny is playing a "sexy" variation of the big bad wolf.
It's thought Jake and Chris would play the musical's two princes.
Into The Woods' musical score was written by Stephen Sondheim, and the screenplay was penned by the 1986 musical's original creator James Lapine.