The new version will have an Indian-American woman at its centre, according to The Hollywood Reporter.
The original series, which debuted on the channel in 1981, featured a white male actor, William Katt in the lead role.
The modern take will be a half-hour comedy remake in a single-camera set-up.
The story will follow Meera, a 30-year-old Indian- American woman from Cleveland, whose talents are limited to drinking tequila and karaoke. Then, some aliens entrust her with a super suit to protect the planet and the world is at stake.
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