Ryan Reynolds and John Krasinski are teaming for Imaginary Friends, a fantastical comedy that is in the process of being picked up by Paramount.

The studio came out on top of a heavy bidding war for the project, beating out Lionsgate and Sony among others, and is in the thick of negotiations. Financial terms were not disclosed.

If the deals are made, Krasinski will write, direct, produce and star and Reynolds will co-star in the tale of a man who can see and talk to people’s imaginary friends, befriending those that have been forgotten or discarded. However, some imaginary friends, lacking love and friendship, turn to the dark side, and it’s up to Reynolds’ character to save the world from those that become evil.