I’m late to this party but you might find unicode_transform useful. Its a rules-based transliterator which implements currently just a few of the many CLDR transliterations. Equally it might be both too much and too little for what you need.
I’d be wary of using that approach since you’d have to be completely certain your text doesn’t contain non-word characters. To me that’s just going to come back and bite you at some time in the future.
Just re-read and I’ve no updated reason to change my answer. unicode_transforms is a general purpose transformation from Unicode to ASCII - that might be more than you need. And therefore slugify would be more straight forward if you’re generating slugs.