Dennis Lehane has adapted the script with Neal H Moritz on board as producer, reported Variety.
The original starring Tahar Rahim, followed an Arab man who is sent to a French prison and soon becomes a Mafia kingpin among the prisoners.
The movie went on to win the Grand Jury Prize at the 2009 Cannes Film Festival. It was also nominated for best foreign film at the 2010 Academy Awards.
Raimi's last directorial venture was "Oz the Great and Powerful".