However, the character of Desi still needs an actor. Reportedly the strong contenders are Javier Bardem, Fred, and Ethel. That's to be confirmed but Cate Blanchett is extremely gratified.
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Cate Blanchett's sentiment towards her role
The Amazon picture, Lucy & Desi is actually being compiled by Aaron Sorkin currently. Cate was probably springing up and down with joy inside when she told Hollywood Reporter:
I’ve long been obsessed by Lucille Ball. Who hasn’t? I mean she’s not only as an actress, as a comedian, but as a producer, as a parent, as a force of nature within Hollywood.