Jason Statham (The Expendables) is set to star in High Value Target, an upcoming action flick that sounds like a cross between The Expendables and Captain Phillips.

According to TB: The high-intensity action/thriller follows an international squad of private military contractors who infiltrate a cargo ship overrun by pirates in order to capture and extract a seemingly impossible High-Value Target — the pirate warlord.

There are currently no directors or stars attached. At one point, newcomer Spencer Cohen – who wrote the film’s screenplay – was attached to helm the project.

Update: According to FCS, closer sources claim Statham isn’t officially signed. Also, the TB report is supposedly based on an old script.

BREAKING NEWS: The word is that High Value Target is not only happening with Jason Statham, but that Statham has roped his newfound friend Tony Jaa into the mix. That’s right, High Value Target will be the onscreen team-up between Jason Statham and Tony Jaa that many fans hoped for after the two actors met on the set of Furious 7. The only worrying thing? While the film is described as a cross between Black Hawk Dawn and The Raid, reports indicate that part of the story will be told through cameras attached to each of the soldiers, which sounds suspiciously like an attempt to make High Value Target a ‘found footage’ movie. Say it ain’t so, Statham!