Longtime “Confederacy of Dunces” fans know not to hold their breath, but this is promising:

John Kennedy Toole’s posthumously Pulitzer Prize–winning novel may finally be taking its protagonist’s advice: Vulture hears exclusively that Flight of the Conchords co-creator and The Muppets director James Bobin is in negotiations to at long last bring the picaresque paean to New Orleans to the big screen via producer Scott Rudin and Paramount Pictures. We hear the script will be fashioned by Cedar Rapids screenwriter Phil Johnston (who also co-wrote Alexander Payne’s forthcoming Nebraska) and that, perhaps best of all, the seemingly perfectly matched Zach Galifianakis is attached to the project to star as Reilly.

I still think Philip Seymour Hoffman would be the better Ignatius, but I can live with this. Make this movie, people!