The Oscar winner is in talks to portray the super snoop's loyal employee Mrs. Hudson in a new show based on her journals, called A View From The Landing At 221B Baker Street.
The script has been penned by British comedy writer Barry Cryer and his son, Bob, and the pair is adamant the Bond actress is the perfect person for the job.
Cryer tells Britain's Daily Mail, "It's all at a very early stage but it would be brilliant if Dame Judi were to play Mrs. Hudson. She would be ideal."
The show is the latest update of the Sherlock Holmes tale - Robert Downey, Jr. played the private investigator in Guy Ritchie's two films, and Benedict Cumberbatch plays Holmes in hit BBC series Sherlock.
The Sherlock Holmes adaptation topped a poll of critics and writers compiled by Radio Times magazine to find the best show on TV in Britain in 2012.
RadioTimes.com editor Tim Glanfield says, "Sherlock delivered the TV event of the year with three perfect episodes."
The detective drama saw off competition from Claire Danes' show Homeland, which placed second, and Olympics-themed 'mockumentary' Twenty Twelve at third.
Political satire The Thick of It came in fourth ahead of sitcom Fresh Meat at number five.
Last year's (11) top show, Danish thriller The Killing, dropped to number 38 on the 2012 list.
The show received mixed reviews when it premiered last month (Nov12) at the Music Box Theatre in New York and will now end on 6 January (13), seven weeks ahead of its scheduled 24 February (13) closure.
Jeffrey Finn, the show's producer, tells BroadwayWorld.com, "I am extremely proud of this production and the cast. (Writer) Theresa Rebeck and (director) Jack O'Brien have created an inspiring and hilarious new play and we are all sad to see Dead Accounts end on Broadway. I look forward to working with this remarkably talented cast and creative team again very soon."
The production will wrap after 27 previews and 44 regular performances. Last week (begs17Dec12), it had the lowest attendance of any show on Broadway with only 38 per cent of the seats filled.
Holmes isn't the only star to suffer from bad Broadway reviews - the curtain came down on Henry Winkler's play The Performers after just five days last month (Nov12) and The Anarchist, starring Broadway legend Patti LuPone, closed in December (12) after only 17 regular shows.
Holmes has taken to hitting the lesser known rinks in the Big Apple early and late, so she can avoid the crowds and the skilled skaters.
The former Dawson's Creek star explains, "I like to go ice-skating... I like Chelsea Piers. Rockefeller Center (rink) scares me because there's so many people.
"I'm not good at all and I'm mad about it because I'll go and I'll think, 'Today, I'm gonna be really good...' but the last time I was skating I just kind of held on to the side and I would have to, like, scoot little kids outta the way, like, 'Excuse me... I can't let go (or) I'll fall'.
"So what started to happen is the people that work at the rink that do all the fancy everything, they just kept giving me their cards... and I got about 10, so I try to go in secret at very small rinks."
"They had set up all these cupcakes and they had candles and the whole cast and crew (were there) and they were ready to sing." Katie Holmes celebrated her 34th birthday in style on Tuesday (18Dec12) with the cast of her hit New York play Dead Accounts.
The former Dawson's Creek star made her Broadway debut in the hit show at the Music Box Theatre in New York last month (Nov12) and despite her blunder earlier this month (Dec12), Holmes insists she loves the freedom of stage acting.
She tells U.S. talk show host David Letterman, "I enjoy doing the live play... (But) a couple (of) weeks ago I had the moment that I've been dreading. I have this kind of big speech in the second act and it's pretty important because it goes along with the theme of the show.
"I said the first line and I'm looking at (co-star) Judy Greer, and I'm supposed to be angry with her, and then the second line - I didn't remember."
Holmes was forced to improvise the rest of the speech as Greer was unable to give her a useful prompt.
She adds, "I knew the point of it, so I made my way there."
Katie Holmes started her birthday morning off with a sweet treat - the actress and her daughter Suri enjoyed breakfast at the Sugar and Plumm bakery in New York on Tuesday (17Dec12), as the star celebrated turning 34. At the end of the meal, Holmes was presented with a special vanilla sponge cake with strawberry jam and vanilla buttercream frosting that read: "Happy Birthday Katie".
The Hollywood superstar launched a $50 million (£31.3 million) defamation lawsuit against Bauer Publishing Co. in October (12) after taking issue with an article printed in Life & Style magazine about his six-year-old girl.
Cruise vehemently refuted claims and blasted editors for allegedly making false statements about his relationship with the tot, his only child with Holmes, who he split from in late June (12).
At the time, his lawyer Bert Fields said, "Tom is a caring father who dearly loves Suri. She's a vital part of his life and always will be. To say he has 'abandoned' her is a vicious lie. To say it in lurid headlines with a tearful picture of Suri is reprehensible.
"Tom doesn't go around suing people. He's not a litigious guy. But when these sleaze peddlers try to make money with disgusting lies about his relationship with his child, you bet he's going to sue."
However, Bauer bosses have defended their Life & Style writers and have fired back at the lawsuit in the U.S. District Court in California on Friday (14Dec12).
In documents obtained by TheWrap.com, executives for the German-owned firm claim they are not liable for damages because "some or all of the allegedly defamatory statements complained of by the plaintiff are true or substantially true".
The papers go on to state that the actor "cannot prove that he has suffered any compensable damage as a result of any actionable statement published by the Bauer Defendants", and insist "the Bauer Defendants did not act with actual malice".
If the Mission: Impossible star wins the suit, Cruise plans on donating the money to charity.
The actresses have topped Fitness magazine's health countdown thanks, in part, to the efforts they go to to look good and stay in shape.
Tom Cruise's ex-wife Holmes nabbed the Best Revenge Body, Aniston was named Best Bride-to-Be and newlyweds Jessica Biel and Justin Timberlake were crowned Fittest Couple.
Other winners in the new poll include another new wife, Blake Lively (Best Legs), U.S. First Lady Michelle Obama (Best Arms), Halle Berry (Fab After 40), Beyonce (Best Body After Baby) and mum-to-be Claire Danes (Best Baby Bump).
Meanwhile, pop star Pink landed the Best Celebrity Slimdown honour for the weight she lost after becoming a first-time mum and Kate Hudson picked up the prize for Best Cleavage.
Rounding out the list of banging body parts: Gwen Stefani (Best Abs), Eva Longoria (Best Butt), Jennifer Lawrence (Best Curves) and Rock of Ages star Julianne Hough (Best Back).
The moviemaker was determined to cast Freeman as Bilbo Baggins in the Middle Earth epics, but was distraught after learning the star had committed to BBC TV series Sherlock, in which he plays Sherlock Holmes' sidekick Dr. Watson.
He offered to delay filming in New Zealand to accommodate the Love Actually actor's busy schedule, and Jackson admits waiting to hear if Freeman could commit left him fraught with worry.
Jackson says, "We were in trouble. I was really panicking. I was having sleepless nights. We were probably six weeks away from the beginning of the shoot, and we hadn't settled on anyone else, and I was torturing myself by watching Sherlock on an iPad at 4 o'clock in the morning."
He adds, "Martin was the only person that we wanted for that role, and that was really before we met Martin. We knew him from The Office and Hitchhiker's Guide (to the Galaxy), and we just felt he had qualities that would be perfect for Bilbo. The stuffy repressed English quality. He's a dramatic actor, he's not a comedian, but he has a talent for comedy."
The Hobbit: An Unexpected Journey, the first of three films based on the book by J. R. R. Tolkien, will hit screens this month (Dec12), with the subsequent two installments of the trilogy set for release in 2013 and 2014.