Lawrence, 23, is being considered for the part of US single mum turned entrepreneur, Joy Mangano, in an untitled biopic.
The Hunger Games star is expected to play the Miracle Mop inventor in a female empowerment story about the significant lifestyle changes she experiences.
Annie Mumolo, co-writer of 2012 hit comedy Bridesmaids, has penned the script, while John Davis, John Fox and Ken Mok are producing.
Industry insider The Hollywood Reporter has confirmed that Russell is in early talks with Fox 2000.