Dakota Fanning has signed up to star in 'Mississippi Wild'.

The 'Runaways' actress will play the girlfriend of a teen (Ryan Donowho) who is forced to go on the run when he steals diamonds belonging to a local gangster in the indie thriller, according to Variety.

Mickey Rourke is being tipped for the role of the criminal while Forest Whittacker has reportedly been approached to take on the role of another gangster who is in turn chasing after Mickey's character.

Jesse Bager will direct the movie from a script he has written while Shannon Makhanian and Ryan Johnson produce with Todd Slater set to executive produce.

Production is set to start in Atlanta on March 21.

Dakota, 16, will next be seen on cinema screens as Jane in vampire series 'The Twilight Saga: Breaking Dawn' parts one and two and it was recently revealed she will play Britain's Princess Margaret in a new film.

The actress will star as the young princess in 'Girls' Night Out' which tells the story of Margaret and her older sister Elizabeth, who are allowed out of Buckingham Palace for one night to celebrate the end of World War II in Europe.