Based on the comic created by James O'Barr, the reboot will focus on the character of Eric Draven (played in the 1994 film by Brandon Lee).
Juan Carlos Fresnadillo will direct from a script he wrote with Nick Cave. The trade says that Cooper met the director in Spain recently, "where the two hit it off and shared a vision for the character and the film."
Filming is targeted to start later this year.
Cooper can currently be seen in theaters in Relativity's Limitless.
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