Let it be known that ABC officially has Scruples -- and Natalie Portman is thrown in with the deal.

The network has picked up a one-hour drama based on the 1978 Judith Krantz novel Scruples. Portman is attached to executive-produce, along with Tony Krantz and Annette Savitch.

The project, which comes via Flame Ventures LLC and Warner Bros. Television, is billed as a sexy soap set in the late 1970s that follows a socialite who, following the death of her husband, seeks to open a fashion forward boutique in the heart of Beverly Hills.

The Krantz novel spawned both a sequel, Scruples Two, and a 1980 miniseries starring Lindsay Wagner, Barry Bostwick, Kim Cattrall and Connie Stevens.