After nearly a decade of languishing in development, a new rumor claims Warner Bros. is finally moving forward with Meg, an adaptation of Steve Alten's 1997 New York Times best seller. The novel has had three different studio homes ever since its publication, but Warner Bros. is now considering it a high-priority project. Dean Georgaris (The Manchurian Candidate) wrote the latest draft of the screenplay.

The story is described as "Jurassic Park with a shark," following two men with vastly different perspectives who are forced to band together to neutralize a massive and prehistoric shark known as the Carcharodon megalodon, the mother of the great white shark, which was thought to be extinct for nearly two million years. The shark, which is unearthed in the deepest part of the ocean known as the Mariana Trench, is over 80 feet long and weighs over 20 tons. Steve Alten's original novel spawned three more sequels.

Colin Wilson is producing alongside Belle Avery, with Andrew Fischel and Cate Adams overseeing the project for Warner Bros. The project was originally set up at Disney back in 1997, but the project went into turnaround because the studio didn't want to compete with the 1999 shark thriller Deep Blue Sea. Steve Alten then wrote his own draft of the script, which found its way to Guillermo del Toro, who was set to produce with Jan de Bont directing. New Line picked up the project and had it on the fast track for a 2006 release, but the budget spiraled out of control and the rights ended up reverting back to Steve Alten in 2007. Check out the trailer Steve Alten debuted earlier this year for the anniversary edition of his original novel.

Related: The Meg Sinks Its Teeth Into $44.5M at the Box Office