According to The Hollywood Reporter, the project is described as a "knowing-your-age comedy," centering on a successful author (Polish) who is forced to confront an unrequited high school crush, Scarlet Smith (Ryder), when he returns home to deliver a commencement address to graduating seniors.
Holloway will play the former high school jock and ex-boyfriend to Ryder's Scarlet.
Mark and Michael Polish wrote the script. Michael Polish is directing.
Production begins this month in Santa Clarita, Calif.