Reese Witherspoon, Cameron Diaz and Gwyneth Paltrow are all set to star in 'One Hit Wonders'.

The Hollywood blondes will be directed by 'Glee' creator Ryan Murphy for the musical comedy film, which tells the tale of three singers who all record a hit song in the 90s before their career disappears, leading them to form a supergroup.

Beyonce Knowles - who has had big-screen success in 'Dreamgirls' and is expected to appear in a remake of 'A Star Is Born' - is also set to play an unknown part.

Brad Falchuk and Ian Brennan - who work with Ryan on musical TV show 'Glee', which has made stars out of Lea Michele and Dianna Agron - are scripting the project.

Sony has bought the rights to the project, with Amy Pacal - chief of Sony Pictures - agreeing to be involved just 10 minutes into a pitch by Murphy, according to Deadline.com

The director is hoping to make the film as soon as he has finished work on HIV drama 'The Human Heart' starring Julia Roberts and Mark Ruffalo.