After months of negotiations between The Pokémon Company and Legendary Entertainment, the studio has struck a deal to create a live-action movie based on Detective Pikachu, according to The Hollywood Reporter.

The film will focus on the character that was introduced earlier this year in the Nintendo 3DS game Great Detective Pikachu, which was released in Japan this past February . That version of The Pokémon Company's iconic character has been described as rather intelligent and peculiar, and teams up with a young boy named Tim Goodman to help him solve mysteries surrounding different Pokémon in the city.

Even though Legendary, which is now a division of the Chinese film group Wanda Entertainment has been in discussions for months with The Pokémon Company, those conversations picked up tenfold following the incredible success of Pokémon Go. The augmented reality game from Niantic Labs and The Pokémon Company has more than doubled Nintendo's market capitalization to $42 billion since it launched two weeks ago.

Legendary told Variety that details are being kept under wraps for now, but the film is being fast-tracked to ensure production can begin in 2017.

An in-depth guide on how to play Pokémon Go can be found here.

How Big Is Pokémon Go?