David Fincher of "Fight Club" was previously attached to the post but he quit to direct the critically-acclaimed "Gone Girl", reported Deadline.
Captain Nemo is the main antihero in "20,000 Leagues Under the Sea" who was first introduced in 1870 by Jules Verne.
He is a scientific genius who roams the depths of the sea in his submarine, The Nautilus, built on a deserted island.
The movie is meant to be an origin story about how Captain Nemo constructed the Nautilus.
Disney has long expressed its interest in bringing the story to the big screen, hiring "Seven" scribe Andrew Kevin Walker to pen the script. "Gothika" scribe Sebastian Gutierrez is now working on the latest draft.
Mangold is prepping the sequel to "Wolverine" but will be able to focus his attention on "Nemo" down the line.
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