Not to be confused with the 20,000 Leagues Under the Sea currently set up at Walt Disney Pictures, producers Ridley and Tony Scott and their Scott Free Prods. are developing 20,000 Leagues Under the Sea for Fox with a script from Clash of the Titans co-writer Travis Beacham.

According to The Hollywood Reporter, director Timur Bekmambetov (Wanted) is in talks with producers to direct the big-budget adaptation, although nothing has been set.

Shortly after the writers strike, Beacham is said to have approached the Scotts with his take on the literary classic, which Fox then bought. Bekmambetov has shown interest in directing the Fox 20,000 Leagues Under the Sea, which insiders say is set in the future and follows the novel's structure.

First published in 1869, the classic science fiction novel is in the public domain. Disney memorably adapted the story -- about a group of men who encounter a vengeful scientific genius and his warlike submarine -- in 1954 with Kirk Douglas starring.

The Fox project is not greenlit, and Bekmambetov's involvement is said to hinge in part on him approving a script.