Hollywood couple, Naomi Watts and Liev Schreiber are about to make another film together, reports Variety this week. The boxing drama follows real life athlete, “New Jersey heavyweight boxer, and womanizer, Chuck Wepner, who boxed 15 rounds with Muhammad Ali and inspired Sylvester Stallone to pen Rocky.” The film is simply called Bleeder. Yikes! Sounds kinda scary. Ha!

Watts and Schreiber are joined on the cast by Mad Men star Christina Hendricks. The film is shopping for buyers in Cannes as we speak, and has Jeff Feuerzeig as director.

Past projects of Naomi Watts include King Kong, The Painted Veil (where Schreiber portrays her lover), the gem Eastern Promises, The International, You Will Meet a Tall Dark Stranger, and Fair Game. Her partner’s recent films include Defiance, X-Men Origins: Wolverine, Repo Men, and Salt. the couple have two children. Meanwhile, Hendricks recently appeared on Body of Proof and can be enjoyed in select theaters in the musical called Company.

Director, Feyerzeig’s credits include Jon Hendricks: The Freddie Sessions (1990), Half Japanese: The Band That Would Be King (1994) and The Devil and Daniel Johnston (2006). The Devil and… won the Documentary Directing Award at the Sundance in 2005.

Bleeder is repped by Ashok Amritraj’s Hyde Park Intl, whose other projects include Sony’s Ghost Rider: Spirit of Vengeance 3D; The Double, starring Richard Gere and Topher Grace (interesting!); Jason Statham’s Echelon; and Paul Rudd’s highly anticipated Our Idiot Brother.