Commercial director Henry Hobson will helm the film, and production will start in the fall.

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Schwarzenegger is also set to star in David Ayer's Breacher and Mikael Hafstrom's Escape Plan, which is set to be released on October 18.

Schwarzenegger is also starring in the third Expendables film and reprising his role in the fifth Terminator film, which is set to start production at the beginning of next year.

He recently sold the bodybuilding drama Pump to Showtime.

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The former California governor will also produce Maggie with Pierre-Ange Le Pogam, Matt Baer, Trevor Kaufman, Colin Bates and Joey Tufaro.

The movie will be executive produced by Bill Johnson, Jim Seibel, Ara Keshishian, Hubert Gibbs, Claudia Bluemhuber and Scott 3.

Schwarzenegger is represented by CAA.