The `Pursuit of Happyness` scribe Steve Conrad is penning the script with Samuel Goldwyn Jr and John Goldwyn producing.
The film is a remake of the 1947 comedy starring Danny Kaye, which itself was originally based on a short story by James Thurber, the Variety reported.
The story revolves around a day-dreaming book editor who can`t seem to do anything right, so he imagines all sorts exciting lives for himself.