According to The Hollywood Reporter, Catfish filmmakers Henry Joost and Ariel Schulman are in final talks to write and direct a big-screen adaptation of the hit video game franchise Mega Man. The duo, best known for their hit 2010 "documentary," went on to helm the successful '80s-set Paranormal Activity 3 and its less-successful follow-up, Paranormal Activity 4.

Fox reportedly secured the rights to the project earlier this year after courting Capcom for nearly two years. The film will be produced by Chernin Entertainment alongside Heroes alum Masi Oka.

Having debuted in 1987 with a self-titled video game for the NES, Mega Man has gone on to become one of Capcom’s most recognizable properties, with the young android starring in more than 50 games across multiple platforms. He’s also appeared in multiple animated series, artbooks and comics -- most recently published by Archie Comics -- and on countless merchandise.

RELATED: New Mega Man Animated Series Lands at Cartoon Network

The latest Mega Man movie news follows recent confirmation of a new animated series that will debut on Cartoon Network. The series comes from the Ben 10 creative team, collectively referred to as the Man of Action, which comprises of animation veterans Joe Casey, Joe Kelly, Duncan Rouleau and Steven T. Seagle.

Fox's Mega Man film hasn't been given a release date.