Cloverfield director Matt Reeves has been set to write and direct the remake of Swedish horror Let the Right One In for Overture Films and Hammer Films.

According to The Hollywood Reporter, the film is about a bullied boy whose desire for revenge becomes intertwined with his growing love for a girl who happens to be a vampire.

The original film's source material is a bestselling novel by John Ajvide Lindqvist.

"I was immediately taken by both the novel and the Swedish film of 'Let the Right One In,' which are just so unique," Reeves said. "I found them not only terrifying but incredibly moving, and I am very excited about adapting them into an American context."

Overture's Sean Furst, executive vp production and acquisitions, will oversee production for the studio, which hopes to release the film next year.

Magnolia Pictures will release the Swedish version on Oct. 24.