Usually headlines like these are either one of two things: trashy tabloid fodder or baiting for attention. (Kinda like attaching Robert Pattinson’s name to any project and enjoying and instant surge in interest.)
According to the report, Universal Pictures has paid out a seven figure sum for the film rights. If we are to believe the “buzz” surrounding the film, Jolie’s voodoo vagina has a shot with the studio should she want the job. It is noted that Angie has talked about undertaking the project, but nothing in an official capacity.
First a producer will have to be nabbed for the project. I’d say the likelihood that Jolie will actually take the job is slim, but not out of the question.