Directed by Dexter Fletcher and written by Lee Hall, with Elton played by Welsh star Taron Egerton, while "Bodyguard" star Richard Madden takes on the part of his former lover and longtime manager John Reid.
The film will follow chronicle the British superstar's early days as a child prodigy at the Royal Academy of Music, his musical partnership with Bernie Taupin, as well as his struggles with substance abuse, depression, and acceptance of his sexual orientation.
However, according to The Daily Mail's Baz Bamigboye, Paramount Pictures bosses have demanded one raunchy sequence be dropped from the movie. The "tastefully done" scene shows John and Reid "writhing on a bed" with fully exposed "derrieres" on display.
"Nonetheless, Paramount are forcing the director to cut the scene so it will have an American PG 13 rating," Bamigboye claimed, adding that the PG-13 rating is equivalent to a 12A rating in the U.K.
In addition, The Daily Mail alleged that the moment will now be reduced to a "fully dressed warm hello," even though music icon Elton was fine with the film receiving a restricted rating and apparently instructed the producers and director at the start of production: "Tell it all. Go as R-rated as you need to."
The reason for studio leaders wanting to tone down references to the "Sacrifice" singer's relationships may have to do with the success of 2018 Queen biopic "Bohemian Rhapsody", in which Fletcher took over as director following the firing of Bryan Singer in December 2017.
Though the feature received mixed reviews from critics, especially in relation to the portrayal of frontman Freddie Mercury's sexuality, it was a major box office success and won four Oscars, with lead actor Rami Malek taking home the prize for Best Actor.
Representatives for Paramount Pictures have not commented on the report.