According to a note dropped to Aintitcool.com, director Ang Lee told a Spanish newspaper that he was producing the film version of Marvel Comics series of The Hands of Shang-Chi.
About three years ago, we heard the news that Yuen Wo-Ping joined the project as the director and then everything went quiet until now.
The character of Shang-Chi was created in 1971 when Bruce Lee was becoming popular in the States.
The film will tell the story of Shang-Chi, a young martial-art master, who must battle a dangerous criminal, his own father.
In the original comic series, Shang-Chi's father was Fu Manchu, a character racially created by the Hollywood in the early 20th Century.
(Ang Lee's little love story Brokeback Mountain has become the biggest winner of British Academy of Film and Television Arts party last night, by collecting four awards - Best Film, Best Adapted Screenplay (by Larry McMurtry and Diana Ossana), Best Director for Ang Lee and Best Actor in a Supporting Role for Jake Gyllenhaal.)