What do you think: Lady Gaga or Sarah Paulson -- which Ryan Murphy regular should play Donatella Versace in the latest installment of "American Crime Story"?

For all we know, neither actress will make the cut, but Deadline reports that FX will base "American Crime Story" Season 3 around the 1997 murder of legendary designer Gianni Versace at the hands of serial killer Andrew Cunanan. "Versace/Cunanan," based on the book "Vulgar Favors," will reportedly film around the same time as Season 2, which follows the aftermath of Hurricane Katrina.

Ryan Murphy is expected to return to direct the first episodes of "Katrina" and "Versace/Cunanan," as he did for the Emmy-winning "People vs. O.J. Simpson." The Versace season will reportedly film in Los Angeles in Miami next spring. Deadline said producers are already meeting with actors for the title roles "and an A-list actress in negotiations to play Versace's sister Donatella Versace, who is featured prominently in the story."

"Katrina" will air first, but apparently "Versace/Cunanan" was fast-tracked based on the strength of the first script from Tom Rob Smith. Honestly, it sounds like it has the kind of dark rubber-necking appeal of "People vs. O.J." so maybe they should consider flipping the order and making "Versace" Season 2. Just an idea.

Want more stuff like this? Like us on Facebook.