Brandon Lee died while filming the original movie, about a murdered rocker who comes back from the dead to seek revenge.
Director Alex Proyas completed the film as a tribute to Lee, and now the story is to be remade later this year (10).
Pressman has opened up about his plans for the revamp, telling MTV, "(We've got an offer out) to a major actor and things are moving ahead very aggressively, with the aim of doing the film this year. (It will be) quite different from Alex Proyas' approach with the original Crow.
"The setting is the southwest - the Mexico/Arizona area - and an urban (setting), Detroit or Pittsburgh or something like that. There are two locations that the film is set (in). Its initial platform is in the southwest and then it moves to the big city in the north, middle or eastern America, and then back."