James Foley, who hasn't directed a feature since 2007's Perfect Stranger, is in negotiations to direct the Jacob's Ladder remake for LD Entertainment. We first reported on the project back in June.

The original thriller, directed by Adrian Lyne, starred Tim Robbins as a Vietnam veteran who suffers from bizarre hallucinations while trying to uncover clues about his checkered past. The new film is said to be more of a contemporary homage than a remake, introducing new characters and situations while tackling the same existential themes as the original.

Jeff Buhler (Midnight Meat Train) is writing the script, based on a first draft by Jake Wade Wall (When a Stranger Calls). LD Entertainment's Mickey Liddell and Jennifer Monroe are producing with Michael J. Gaeta and Alison R. Rosenzweig. No production schedule was given.

Related: Jacob's Ladder Remake Comes Back to Life with a New Writer

James Foley is best known for films such as Glengarry Glen Ross, Fear, The Chamber and The Corruptor. More recently, he has directed episodes of Netflix's House of Cards and NBC's Hannibal.