According to Variety, while the fate of Fox TV's "Arrested Development" is uncertain, a good chunk of the team behind the show is gathering at Universal Pictures for a laffer. Brian Grazer and Imagine Entertainment will produce and Joe and Anthony Russo will helm and co-produce an untitled Chuck Martin pitch starring Will Arnett.

Arnett will play a guy who attends his 20th high school reunion and tells his dream girl a pack of lies about being fabulously wealthy and successful back in New York. When she shows up in Gotham, he goes to extraordinary lengths to keep up the ruse.

All involved have strong ties to the Emmy-winning but ratings-challenged "Arrested Development." Grazer and Imagine TV produce the skein, Arnett stars as Gob Bluth, Martin is one of the show's writers and the Russo brothers helmed the pilot.

Arnett appears in the upcoming Monster-in-Law as well as Danny Leiner indie The Great New Wonderful. He also stars in You're Going to Prison.