Naomi Watts as Princess Diana: First Look!

Naomi Watts strikes a royal pose in a just-released new photo from Diana.

As the title of the upcoming film suggests, the Australian beauty will be taking on the legendary role of Princess Diana, who passed away tragically in August 1997 when the car she was riding in tried to speed away from the paparazzi.

She remains in the news to this day due to her extensive charity work while alive and the legacy she left behind in sons William and Henry.

“It is such an honor to be able to play this iconic role," Watts said in a statement. "Princess Diana was loved across the world and I look forward to rising to the challenge of playing her on screen.”

No release date has been set yet, but Diana will focus on the Princess' relationship with Dr. Hasnat Khan, who will be played by Naveen Andrews.