Plans for the movie project were thrown into doubt in November (11) when Soderbergh walked away from the project just days after The Hangover star Cooper quit as lead character Napoleon Solo, the iconic spy originally portrayed by Robert Vaughn.
The filmmaker, who had initially courted George Clooney for the starring role, reportedly fell out with Warner Bros. studio executives over casting and budgetary requirements
However, Deadline.com reports Sherlock Holmes director Ritchie has now stepped into the top job, reuniting with producer Lionel Wigram to bring the hit TV show to the big screen.
Warrior star Joel Edgerton had been tapped to play Solo's sidekick Illya Kuryakin in the new film. That role was originally played on TV by David McCallum.
The Man From U.N.C.L.E. aired on U.S. network NBC from 1964 to 1968.