DuVernay will be writing, producing and directing the love story meets murder mystery flick while Oyelowo is in negotiations to produce and star in the project, Variety reported.
Both stars will be joined by Participant Media to develop the feature film.
Jeff Skoll and Jonathan King of Participant Media will executive produce the film and King says it’s the perfect time for the star-studded reunion.
“Hurricane Katrina is one of the most important social and environmental stories of our time,” King said, according to Variety. “Ava DuVernay has shown herself to be highly skilled at bringing intimacy and contemporary urgency to epic events. We have been looking for the right way to get back in business with Ava, and with David Oyelowo, and are proud to reteam with them on her original idea, which we believe will be a powerful film.”
After Selma and Middle of Nowhere, the Hurricane Katrina-inspired film will mark the third partnership between DuVernay and the Selma star.
It would also mark the fifth partnership between Oyelowo and Participant, following Middle of Nowhere, The Help, Lincoln and A Most Violent Year.
Despite some major award season snubs, Selma was an incredibly successful film, earning close to $40 million at the box office.
It took roughly $20 million to make the Oscar-nominated film, giving the team a substantial profit.
DuVernay also shared her excitement about teaming up with Oyelowo and her Participant Media family once again.
“I’m thrilled to reunite with my Participant family on this project and fortunate to work again with the always exquisite David Oyelowo,” she said, according to the Hollywood Reporter. “The story we’re interested in will explore the complexities of intimate relationships within times of chaos, while also examining the chaos itself. I’m looking forward to the journey.”
The film is currently untitled and a start date for filming has not been set.