It looks like James Wan, the creator of Saw and the director of one of this year's most successful films, Insidious, is set to take on The Conjuring for New Line as his next project.

James Wan is currently in negotiations to direct this haunted house tale, which chronicles the thirty year old story of the Perron family and their haunted farm house in Rhode Island. The screenplay is from Chad Hayes and Carey Hayes.

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New Line Cinemas will produce the film after Summit Entertainment passed on the pitch. No production start date has been announced yet.