The 53-year-old "Mission Impossible" is also eyeing to star in the film.
Cruise and Liman, who collaborated on the futuristic action movie "Edge of Tomorrow" and the upcoming drug-runner tale "Mena", are looking to collaborate for the third time, reported Entertainment Weekly.
The film will tell the story of a renegade crew of former space workers, who travel to the moon to steal an energy source.
Liman was trying to get the space-heist movie off the ground for several years, first at DreamWorks and then at Paramount, where it is currently set up.
Cruise will soon start shooting "Jack Reacher 2".
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