Well, probably, anyway. It's in the negotiation stage.
Variety.com reports that Jerry Bruckheimer Films is negotiating for the film rights to "Prince of Persia: The Sands of Time" as a Disney feature film. You can check out Bruckheimer's impressive portfolio at jbfilms.com, which includes Pirates of the Caribbean, Con Air, The Rock, and Armageddon.
The script will also be written by Jordan Mechner, the game creator, if the deal goes through.