They are eyeing Jono Matt and 'Scream Queens' star Glen Powell to write the script, according to the Hollywood Reporter.
If things move forward, Jennifer Davisson Killoran and DiCaprio, a known environmental activist, will produce the film, based on the cartoon series of the 1990s, via Appian Way, which signed a first-look deal with Paramount in March, along with Powell.
It is not clear whether Powell will also star in the movie.
"Captain Planet and the Planeteers" was a TV show that aired from September 1990 to December 1992. It revolved around five young people from around the world who were given magical rings that had the power to control natural elements. United, they can summon Captain Planet, a superhero who helps them fight against environmental baddies.
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