According to The Hollywood Reporter, Breck Eisner has been tapped to direct Universal Pictures' remake of Creature From the Black Lagoon. Gary Ross, whose father, Arthur Ross, was a writer on the 1954 original, is producing via his Larger Than Life banner.

Part of Universal's rich legacy of black-and-white monster movies, the original Lagoon followed a scientific expedition searching for fossils in the Amazon that discovers a prehistoric creature able to breathe underwater. The creature, named Gill-Man, terrorizes the group and falls in love with the fiancee of a member of the expedition. The studio began developing updates of its creature features after the success of 1999's The Mummy.

Ross wrote the current draft of the screenplay. Tedi Safarian also wrote a draft.