JC Chandor is directing the film, which has a screenplay by Mark Boal, according to The Hollywood Reporter.
The action-adventure film is set in the border zone between Paraguay, Argentina and Brazil.
The movie also has Tom Hardy and Channing Tatum on board.
The project, which has been around since 2009, is being produced by Charles Roven and Alex Gartner of Atlas Entertainment along with Boal.
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