The move comes after director Len Wiseman opted out of the project in July, said the Hollywood Reporter.
Alex Kurtzman and Roberto Orci are producing the reboot along with Sean Daniel. The reboot is said to be an action-adventure tentpole with horror elements and new characters.
Spanish filmmaker Muschietti made his feature and English-language debut with "Mama", which starred Jessica Chastain and Nikolaj Coster-Waldau.
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