The 44-year-old frontman of 30 Seconds to Mars will also produce the film along with Michael De Luca, said The Hollywood Reporter.
The Joker of "Suicide Squad" will produce the film through his Paradox production shingle with De Luca, whose credits include Oscar-nominated movies "The Social Network", "Moneyball" and "Captain Phillips".
No director has been attached yet, but "The Wolf of Wall Street" scribe Winter is on board to pen the screenplay based on Victor Bockris' 1989 book "Warhol: The Biography".
Countless actors including Crispin Glover, David Bowie, Guy Pearce and Bill Hader have played the artist in 1991's "The Doors", 1996's "Basquiat", 2006's "Factory Girl" and 2012's "Men in Black 3" respectively.
Warhol began exhibiting his work during the 1950s.
The artist was best known for his painting of significant American objects which included dollar bills, mushroom clouds, electric chairs, Campbell's Soup Cans and Coca-Cola bottles along with celebrities like Marilyn Monroe and Elvis Presley. Warhol, who was openly gay, was 58 when he died in 1987.
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