Variety is reporting that director Francis Lawrence is in talks with Sony Pictures to develop a fresh take on what is described as a "high-profile biopic", though so far no deal has materialized.
Jimmy Miller, who's produced such Sony comedies as The Other Guys and the upcoming Bad Teacher, will produce through his Mosaic Media Group banner.
The revamped project will take a new approach, sources said, though it will still have a period setting.
Lawrence directed 2007's I Am Legend for 20th Century Fox. His most recent helming effort, Water for Elephants, is set to bow on April 22 through the same studio.
Sony/Columbia has long been passionate about bringing Houdini's life to the bigscreen. In the late '90s the studio tried to get a Houdini movie off the ground, first with director Robert Zemeckis, then Paul Verhoeven, and finally Ang Lee.
This marks the fourth Houdini film project announced this year (and I happen to know there's a fifth).
I say keep 'em coming, Hollywood! Houdini is ready for his closeup.