The project is expected to go on floors in January or February next year with a likely release in 2019, sources confirmed to The Hollywood Reporter.
David F Sandberg will direct the feature, about a boy who transforms into Earth's mightiest mortal.
"Shazam!" has been on DC's film slate for a while now. In 2014 it was announced that Dwayne Johnson would play Shazam's rival, Black Adam.
However, it's unclear whether Johnson will be involved with this project.
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