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14 January 2013, 10:20 | Updated: 14 January 2013, 12:23
The 'You & I' singer is said to be looking to get into acting more as one of her latest ambitions.
Lady Gaga is reportedly keen to move into the film industry as an actress over the next few years - and director Quentin Tarantino has admitted he would love to work with the US pop star.
The 'Marry The Night' singer is said to have set herself a "target" of winning an Academy Award, while the Django Unchained director has opened up about discussions with the 'Born This Way' star about working together.
"She needs a new challenge and has set herself a target of winning an Oscar in five years," a source told the Daily Star this week.
"I definitely want to work with her," Quentin Tarantino also told the publication. "We meet up about two times a year and it's always fun."
He added: "She's a really fascinating woman."
Fans have been speculating that Lady Gaga's new song could be called 'Rachet' after she posted the following picture online (Credit: Twitter):
It was announced last year that Lady Gaga will make her Hollywood debut in Robert Rodriguez's upcoming action film Machete Kills, as a mysterious character called La Chameleón.
Lady Gaga is currently hard at work on her third studio album 'ARTPOP', in between dates on the North American leg of her 'Born This Way Ball' world tour.