News of Polley's potential involvement hit the web on Wednesday -- but just hours later Green himself confirmed that Polley would be writing and directing the Looking for Alaska adaptation.
"So excited to announce that the brilliant filmmaker Sarah Polley will be writing and directing a film adaptation of Looking for Alaska," Green wrote on his Twitter. "I'm a HUGE fan of Sarah's movies, and her ideas about Looking for Alaska are really wonderful, and I am SO VERY EXCITED."
Paramount Pictures has owned the film rights to Looking for Alaska since 2005, when it was first published, but this is the first news that the movie adaptation is finally moving forward.
The news comes on the heels of The Fault in Our Stars surpassing $100 million at the box office. The film, based on Green's most recent best-seller, cost only $12 million to make. It's been a smash hit at the box office since opening on June 6th, and even beat out the big-budget Tom Cruise thriller Edge of Tomorrow when both films opened the same weekend.
Another Green novel is also poised to become a movie. The same team behind The Fault in Our Stars is working on an adaptation of Paper Towns, with Green set to produce and Fault actor Nat Wolff slated for the starring role.
There's no word yet on how much Green will be involved in the production of Looking for Alaska, since the film is with a different studio than The Fault in Our Stars and the upcoming Paper Towns. However, Green seems confident so-far in the choice of Polley for writer and director.
"I am so happy to have the book in such good hands," he wrote on Twitter.
Polley's acting credits include Dawn of the Dead, Go, and The Sweet Hereafter. She was nominated for an Oscar for her script Away From Her, and directed the movie Take This Waltz.