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It's about time Annie got a reboot!

Will Smith is seriously considering taking on a remake of the classic Broadway musical, and wants daughter Willow to play the title role, according to Variety. Talk about perfect casting!

The Smith-produced musical may also have a totally re-vamped soundtrack, courtesy of Jay-Z. The hip-hop mogul has worked with Willow before, producing her mega hit Whip My Hair.

The bright young star is currently signed to Jay-Z's Roc Nation record label, so we're pretty confident this triple threat will come up with some rockin' new songs for a much cooler Annie.

While the Sony project is still in the early stages of development, we can already tell they've got a serious hit on their hands.