Alfredo Federico’s Rome-based 39 Films is teaming with Satine Film to produce “Machiavelli, the Prince,” an English-language portrait of the infamous 15th century Italian politician.

Written by Federico and Alessandro Di Nuzzo, who heads up Satine with Claudia Bedogni, pic tracks Machiavelli’s torture and expulsion from Florence, his exile to the countryside, friendship with the goddaughter of the King of France, and authorship of “The Prince” as a recapitulation on his life and, ultimately, a stinging attack on the realpolitik dominating Italian politics.

“Machiavelli” will be budgeted at €5 million to €10 million ($6 million to $13 million), depending on the international cast, Federico said.

Mexico City-based film producer-financier Alex Garcia presented “Machiavelli” to international sales agents at the AFM.

“This is a highly contemporary story of an ex-politician, whose fall from grace illuminates the hypocrisy and vanity of the world,” Federico said.

Last decade, Federico worked as chief operating officer at Eduardo Costatini’s Costa Films, which co-launched the Latin American Film Fund with The Weinstein Co., and backed Jose Padilha’s “Elite Squad” and Guillermo Arriaga’s “The Burning Plain.”

Currently out to directors, “Machiavelli” is one of the higher-end projects being unveiled at Thursday’s Capital Regions for Cinema Co-Production Meeting, which forms part of the Rome Film Festival’s Business Street market.

Mart kicked off Wednesday with more than 400 companies, mostly from Europe and Asia, in attendance.

For the third consecutive year, the Eurimages co-production development award, worth $38,000 will be given to the best project presented at the Business Street’s New Cinema Network co-production mart.

(Nick Vivarelli contributed to this report.)