The Hollywood Reporter said the two-part erotic drama is to begin production next month and will be released in two versions -- one more sexually explicit. The movie co-stars Charlotte Gainsbourg and Stellan Skarsgard.
"[The movie] is what you think it is," LaBeouf, 26, told MTV News.
"It is Lars von Trier, making a movie about what he's making. For instance, there's a disclaimer at the top of the script that basically says we're doing it for real. Everything that is illegal, we'll shoot in blurred images. Other than that, everything is happening."