Deadline.com has revealed that Hollywood is already interested in charting the downfall of American cyclist Lance Armstrong on the big screen.

J.J. Abrams and Paramount Pictures have started preparing a film about Armstrong. According to the site, the producer/director and the Hollywood studio have joined forces to acquire the rights to a novel entitled "Cycle Of Lies: The Fall Of Lance Armstrong" that will soon be published.

Paramount and J.J. Abrams' interest is in keeping with current events. Indeed, the seven-time Tour de France winner admitted to talk show host Oprah Winfrey on January 14 that he had used banned performance-enhancing drugs.

Before Armstrong's cheating was revealed, Sony Pictures was working on a cinema biography that was to praise the American champion's achievements. In 2009, Gary Ross, the director of "Hunger Games," was asked to write the screenplay based on Lance Armstrong's novel "It's Not About The Bike: My Journey Back to Life." Jake Gyllenhaal was in the running to play the man who was considered a hero by his countrymen.