David Auburn will be adapting the screenplay from Peter Ackroyd's novel of the same name. No production details were given at this time, but here's a description of the book by publisher Random House below.
This haunting and atmospheric novel opens with a heated discussion, as Shelley challenges the conventionally religious Frankenstein to consider his atheistic notions of creation and life. Afterward, these concepts become an obsession for the young scientist. As Victor begins conducting anatomical experiments to reanimate the dead, he at first uses corpses supplied by the coroner. But these specimens prove imperfect for Victor's purposes. Moving his makeshift laboratory to a deserted pottery factory in Limehouse, he makes contact with the Doomsday men-the resurrectionists-whose grisly methods put Frankenstein in great danger as he works feverishly to bring life to the terrifying creature that will bear his name for eternity.
Filled with literary lights of the day such as Bysshe Shelley, Godwin, Lord Byron, and Mary Shelley herself, and penned in period-perfect prose, film is sure to become a classic of the twenty-first century.