Jennifer attended two performances of the show last week and was heard discussing potential roles with producer Meryl Poster over dinner at Nobu.
Musical star Jennifer Lopez
It is believed the 39-year-old star may also be in talks about adapting the play - which is about the Washington Heights area of Manhattan, New York - into a film.
Nice Jennifer Lopez
However, Jennifer's representative has denied she is involved in negotiations regarding the show, saying: "She loves the play but is not Broadway bound."
Sexy Jennifer Lopez
Jennifer - who gave birth to twins Max and Emme in February last year - is set to return to acting in the spring when she stars as a pregnant woman for romantic comedy 'Plan B'.
The film sees the star's character opt for artificial insemination after she realises time is running out for her to have a baby - only to meet the man of her dreams on the same day her pregnancy is confirmed.
Famous Jennifer Lopez