Fran Drescher and Rosie O'Donnell are teaming up for a TV show. The former "The Nanny" star reveals she will co-star with the former talk show host on a new project they are developing.

Drescher, 50, has been quoted by people.com during a luncheon at The Friars Club in Manhattan as saying, "It's called 'The New 30,' and it's about old friends who are living very different lives, but they live in the same building in Murray Hill, Manhattan. It's basically about middle-aged women on the verge of a midlife crisis."

But the actress cleared that they are still in the process of developing the show, and nothing concrete has been agreed upon with the network.

She continued, "We're in talks with NBC. It's not real yet, but we're talking to NBC, so we'll see what happens!"

Last February, O'Donnell announced on her video blog that she and Drescher would be doing a "fun, happy, family comedy" together.