He’s already conquered Hollywood with films like Hellboy and the highly anticipated Pacific Rim… And now Guillermo del Toro is setting his sights on the Great White Way…

The 48-year-old Mexican filmmaker is developing his award-winning film Pan’s Labyrinth as a Broadway musical.

del Toro has already reportedly written a book for the stage version of the 2006 Mexican dark fantasy film, which centers on the young stepdaughter of a sadistic army officer who finds refuge and terror in a fantasy world in 1944 Fascist Spain.

Paul Williams has just signed on to write the lyrics, while Academy Award-winning composer Gustavo Santaolalla is writing the music.

del Toro has been working quietly on the stage version of the film for four years, interviewing directors, librettists and composers.

del Toro, Williams and Santaolalla are also currently working on the music for the del Toro-produced animated film Day of The Dead, currently in the advanced stages of production.

“I admire and love Gustavo and Paul wrote the perfect album in Phantom Of The Paradise, which I have loved for decades,” said del Toro, who just wrapped Pacific Rim for Legendary Pictures and Warner Bros. and who’ll next direct the haunted house tale Crimson Peak.

“I’m so excited about translating Guillermo’s magical vision into music and songs,” said Santaolalla. “I’m such a longtime fan of both Guillermo and Paul that to work on this with them is truly a dream come true.”