Chan, meanwhile, starred in the 2010 reboot as the spiritual successor to the original's M. Miyagi.
In a video posted by Sony, the pair announced the new movie while kickstarting the casting process for a young actor to play the main role.
According to The Hollywood Reporter, "the latest iteration will bring the story to the East Coast and focus on a teen from China who finds strength and direction via martial arts and a tough but wise mentor."
The casting call is looking for a "Chinese or Mixed-Race Chinese actor between 15-17 years old who speaks fluent English and is a smart, scrappy, and a skilled martial artist."
Jonathan Entwistle of I’m Not Okay with This and The End of the F***ing World is set to direct.
Rob Lieber, who previously worked on Sony’s Peter Rabbit and Disney’s Alexander and the Terrible, Horrible, No Good Very Bad Day, is writing the script.
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