PHOTOS: '80s Action Stars: Where Are They Now?

The writers are using this true event as a jumping-off point for a wider-canvas action movie in which Wong and Lee team up to battle a band of Chinatown gangsters.

QED CEO Bill Block and Groundswell’s Michael London will produce the project along with Wilkinson and Rivele. Groundswell’s Kelly Mullen will exec produce.?

"Stephen Rivele and Chris Wilkinson have taken a little-known chapter in the life of Bruce Lee and used it as a jumping-off point for a bold, exciting story about the making of an international legend,” said London in a statement.

Wilkinson and Rivele are best known for their biopic work. The duo’s credits include Nixon, the 1995 drama directed by Oliver Stone that netted them an Oscar nomination for best original screenplay, and 2001's Ali, directed by Michael Mann. They also wrote Mercury, the story of Queen frontman Freddie Mercury, which is set up at GK Films with Sacha Baron Cohen to star.