Banks, 41, who made her directorial debut with "Pitch Perfect 2", will also produce the project under her Universal-based Brownstone production company, said The Hollywood Reporter.
Launched in 1976 on ABC, TV series "Charlie's Angels" continued for five seasons with Farrah Fawcett, Kate Jackson and Jaclyn Smith playing private detectives working for Charlie.
Sony Pictures produced a film of the same name, starring Drew Barrymore, Cameron Diaz and Lucy Liu as angels.
The movie became a huge hit and went on to earn USD 264 million worldwide. It was followed by a bloated and not well-received sequel, 2003's "Charlie's Angles: Full Throttle".
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