Deadline.com reports the screenplay sold for nearly $1 million in a sluggish spec script market. Lautner's Tailor Made production company is producing as an equal partner with Vertigo Entertainment's Roy Lee and The Gotham Group.
The project was developed on spec by Gotham and Vertigo.
Lionsgate will reportedly hurry to select a director and get a script polish in order to meet Lautner's July availability, or Tailor Made will still produce but hire another actor for the lead.
The script has Lautner playing a teen who has long felt disconnected from his parents. When he figures out why, it unleashes a chain of violent events and enters Bourne territory.
Producers include Gotham Group's Ellen Goldsmith-Vein and Lee Stollman, Lee and Doug Davison and Tailor Made's Dan Lautner. Gotham Group's Bell and Vertigo's Gabriel Mason are exec producing, says Variety.