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According to The Hollywood Reporter, the "12 Years A Slave" star met with director J.J. Abrams weeks before the Academy Awards about a possible role in the film.
The news follows reports last week of five actors up for a lead male role in the sequel.
THR reports the Nyong'o role could possibly be for a descendent of Obi-Wan Kenobi (Alec Guinness/Ewan McGregor).
"Star Wars" is set to begin filming in May and will be released December 2015.