"I've been a huge fan of the original property since I saw it in high school," Stahelski told The Hollywood Reporter. "Such great themes of immortality, love, and identity are all wrapped up in such colorful mythology. I can't think of a better property that gives the opportunity to create interesting characters, mythic themes and action set pieces."

Neal H. Moritz and Peter Davis are producing the project, which could also see Stahelski and Leitch join the team via their 87Eleven production and action stunt company, though that is still to be determined.

The original 1986 Highlander pic starred Christopher Lambert, Sean Connery and Clancy Brown as immortal beings, hunting down one another and collecting more power. Lambert played Scottish swordsman Connor MacLeod, Connery portrayed Egyptian Juan Sanchez Villa-Lobos Ramirez and Clancy was a barbarian known as the Kurgan. The film — with its "There can be only one" catchphrase — spawned four sequels and three television series.

The Highlander reboot has been in the works since 2008 when Lionsgate-owned label Summit acquired the rights. The project has seen directors such as Justin Lin, Juan Carlos Fresnadillo and Cedric Nicolas-Troyan pass through its doors.

But Lionsgate never gave up on what it believes could be its next big franchise. A search for new scribes to work with Stahelski is about to get underway.

Stahelski worked in the stunt world and doubled for Keanu Reeves in the Matrix movies before co-creating the stunt company 87Eleven with Leitch. They worked as second unit directors on action movies ranging from Ninja Assassin to Captain America: Civil War and made their directorial debut with the well-regarded actioner John Wick, which starred Reeves and was released by Lionsgate.

Stehelski is coming off of directing the recently wrapped John Wick: Chapter 2. He is repped by WME and Gang Tyre.