The comedy follows two retired boxers who are returning to the ring for one final Grudge Match. Doug Ellin penned the latest draft of the film.
Peter Segal is directing the project with Bill Gerber, Carrie Gillogly and Mark Steven Johnson producing.
Production on the project is expected to start early next year.
Grudge Match was released December 25th, 2013 and stars Robert De Niro, Sylvester Stallone, Jon Bernthal, Kim Basinger, Kevin Hart, Alan Arkin, Corrina Roshea, Stephanie Grote. The film is directed by Peter Segal.