Jai Courtney, Tom Hardy, Margot Robbie and Jared Leto are in the final stages of talks for roles. Colin Wilson is producing.

Read more Jared Leto On His Rumored 'Suicide Squad' Joker Role

The Suicide Squad team, also known as Task Force X, was created by Robert Kanigher and Ross Andru, and first appeared in Brave and the Bold No. 25. Its most recent iteration includes the characters Deadshot, King Shark, Captain Boomerang and Harley Quinn.

The DC property about convicted supervillains who are given a chance to redeem themselves through dangerous missions has been in the works for some time at Warner Bros.

The studio will release the picture on Aug. 5, 2016, as part of a slate of DC Entertainment properties.

Read more Warner Bros. Announces 10 DC Movies, 3 Lego Movies and 3 'Harry Potter' Spinoffs