Little is known about the story, except that it will be set in modern day and follow the quest to attain the American Dream. David Ayer signed on to write the script in November 2011, and Paul Attanasio came aboard to write a draft in 2012. That was the last we heard about the project. Universal has been developing the script with a number of other unspecified writers since then, and the studio is reportedly very happy with the current script. Here's what an insider had to say.
"Universal has been through a couple of drafts and now is very high on the current draft. The first stop is the director. This is before any conversations on talent or timing."
Both the original 1932 Scarface, starring Paul Muni, and the 1983 Scarface remake starring Al Pacino, are considered classics, so the studio has big shoes to fill for this second remake. We'll keep you posted as soon as more details come forth.