'Lovers' reunites film pair

Joaquin Phoenix and director James Gray will team for the third time in “Two Lovers,” a drama to be financed by 2929 Prods. and begin production in November. Gwyneth Paltrow is in final negotiations to star with Phoenix.

Donna Gigliotti and Anthony Katagas will produce, while 2929 partners Todd Wagner and Mark Cuban exec produce with 2929 Productions prexy Marc Butan. Gray wrote the script with Ric Menello.

Gray recently helmed the upcoming 2929-produced “We Own the Night,” also with Phoenix.

In “Lovers,” a Brooklyn man is torn between a family friend his parents wish he would marry and the beautiful but volatile new neighbor with whom he falls passionately in love.

“This is a reunion on several levels that feels as inspiring as the project itself,” said 2929′s Wagner.

Pic is the fourth for Gray, who directed “The Yards” and made his debut on “Little Odessa.”

“We Own the Night,” which also stars Mark Wahlberg, Eva Mendes and Robert Duvall, will be released by Columbia Pictures on Oct. 12.

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