Justin Lin (Fast Five) is still attached to direct Highlander. We first reported on his involvement with Highlander back in September of 2009. Iron Man writers Art Marcum and Matt Holloway worked on the first draft of Highlander. Cormac Wibberley and Marianne Wibberley also took a pass at the script.
The franchise first began with the 1986 movie Highlander, which starred Christopher Lambert and Sean Connery. The story centers on Connor McLeod, a Scotish swordsman who discovers he's part of an immortal race of warriors. He must square off against an evil barbarian to determine who is the last survivor.
The original Highlander spawned a number of sequels, the most recent being 2007's Highlander: The Source, along with live-action and animated TV shows.