Jackie Chan and Jet Li will star together for the first time in a $70 million untitled family pic, according to Variety.
Robert Minkoff will direct, while martial arts expert Yuen Woo-Ping ("The Master") will create the action sequences. Shooting is set for April.
Chan-Li starrer, known as the untitled J&J project, has been rumored for some time. John Fusco script is based on the legend of the monkey king and his quest to achieve immortality.
Li is set to play two roles, that of the monkey king and the silent monk. Chan will play the monk T'sa-Ho. The two martial-arts masters have long said they would like to appear together in a film and fight each other.