Tyson himself revealed the film is in "pre-production" with Jamie playing him from the ages of 20 through to his mid thirties. Foxx just turned 50.
Foxx has been building the finances with producers for the planned movie about the astonishing rise of the Brooklyn fighter from the NY C streets to become undisputed heavyweight world champion.
Foxx also admitted that he never takes for granted his Oscar win for his last biopic Ray, especially as other African American stars like Sidney Poitier were overlooked by the Academy in the past.
The actor, comic and singer is "very optimistic" that the movie will happen within the next couple of years.
Jamie, speaking at the Mercedes Benz Oscar Viewing Party in LA, admitted: "I am really excited.
"I know him. I know the story, and I am really excited to film this.
"I cannot wait for people to see what I get to see about him."
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