Chuck Russell has signed on to direct a 3D reworking of Arabian Nights, which he co-wrote with Barry P. Ambrose.

According to Variety, the action adventure has an estimated budget of $70 million.

In a new spin on the classic, the story follows a young commander who, after his king is killed in a palace coup, joins forces with Sinbad, Aladdin and his genie to rescue Scheherazade and her kingdom from dark powers.

"Through the use of a new generation of visual technologies, we will be able to quite literally take audiences around the world on a magic carpet ride," Russell said.

Production is slated to begin in April.