Playing Jasmine in Woody Allen's Blue Jasmine could put Cate Blanchett in the same frame as Diane Keaton's Annie Hall or Mia Farrow's Hannah in Hannah and Her Sisters.
Braving the chill in Sydney to walk the red carpet for the film, Blanchett says agreeing to play the role was a no-brainer.
In fact, she confirms, she didn't even need to read the script.
"I think most people do that when they hear Woody Allen wants to work with them," Blanchett says.
However, she soon realised the script, telling the story of New York socialite Jasmine, who flees to the home of her sister Ginger (Sally Hawkins) in San Francisco when her marriage breaks down was "fantastic" to say the least.
"Apart from being a great filmmaker and auteur, he's an incredible dramatist," she says.
Blanchett says having the chance to play the neurotic Jasmine, who is coping with the destruction of her life by ingesting a cocktail of anti-depressants, was immensely appealing.
"The part was, as they say, the chance to swing the cat, so I hope I 'swang' the cat."
The role is already gaining Oscar buzz for Blanchett, who has already won a golden statuette in 2005 for her role in The Aviator.
Despite the fact that Allen's films have proven Oscar-worthy for actresses, racking up five so far, she says that's not why actors agree to work with the legendary director.
"I don't think that anyone enters into an exchange with Woody thinking about that as an outcome," she says.
"I think along with those actresses he's created a number of iconic, strange, weird and wonderful women that have been on celluloid."
Blanchett acknowledges Jasmine is one of those female roles and is quick to say Allen, who's currently working with Australian actress Jacki Weaver, wouldn't have to ask twice if he had another one on offer.
"Yeah, I'd do it in a heartbeat."
* Blue Jasmine opens in Australian cinemas on September 12.