According to reports, the new Peter Jackson-directed Beatles documentary might see a price tag in the tens of millions. The Hollywood Reporter posted an item regarding current rock docs, with sources saying the Jackson project based around unseen footage shot during the group's Let It Be film "is sparking a frenzy, with buyers predicting the price tag will eclipse the R.J. Cutler-helmed (Billie) Eilish movie" which Apple TV + snapped up for a whopping $26 million.

A buyer currently dealing with the still-untitled Beatles project said that a deal is expected to close in the new year, and revealing, "Everybody is talking to Jackson right now, and it ain't going to be cheap."

The upcoming project is based around 55 hours of never-released footage of the Beatles rehearsing and recording at Twickenham Film Studios and Apple Studios, shot between January 2nd and January 31st, 1969. This film is being made with the full co-operation of Paul McCartney, Ringo Starr, and John Lennon and George Harrison's respective widows -- Yoko Ono and Olivia Harrison. The project's executive producers are Ken Kamins for WingNut Films and Jeff Jones and Jonathan Clyde for the Beatles' Apple Corps. Following the release of this new film, a restored version of the original Let It Be movie directed by Michael Lindsay-Hogg will also be released.

Let It Be director Michael Lindsey-Hogg recently appeared on The Lip TV and shed light on how the Let It Be project turned into the behemoth it became: "Let It Be was originally gonna. . . It wasn't even called Let It Be, it was originally going to be a television special, like on CBS or NBC. But we all kind of disagreed about what it was going to be, where we were going to do it, what it would be like. And so, that idea got scrapped -- so, there wasn't a television special. But, we were shooting documentary footage all the time, because before we started it, (Paul) McCartney had had the idea that we should have a little trailer the week before the TV special was on of them rehearsing and stuff like that. So, the TV special was gone, but we were still shooting the documentary footage every day."

AUDIO: MICHAEL LINDSEY-HOGG ON THE BEATLES' 'LET IT BE' FILM