The actor will play the villain in this live-action take on the J.M. Barrie classic from Warner Bros.
Ice Age: Continental Drift writer Jason Fuchs will be penning the script with Arrow's Greg Berlanti producing.
Noah Oppenheim wrote the screenplay based on a book that alleges the world famous illusionist was also a British spy.
Director Joe Wright is developing the film based off the Hans Christian Andersen fairy tale.