The 'Twilight' star signed on to play the superhero in 2009, but dropped out of the movie a year later for the Stretch Armstrong film.
He later exited that project as well, reported Ace Showbiz.
Newcomer Winchell will star as the extreme sports star-turned-secret agent Max McGrath alongside Ana Villafane, who will play his love interest Sydney Gardner.
The much-anticipated film will be directed by Stewart Hendler and 'Thor: The Dark World' screenwriter Christopher Yost will pen the script.
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