Famuyiwa made a splash with his Sundance sensation, "Dope".
The project which is set to release on March 16, 2018, will retain Grahame-Smith's script," said The Hollywood Reporter.
The movie stars, Ezra Miller as the classic hero known as "the fastest man alive."
Famuyiwa, 42, recently helmed HBO's original film "Confirmation," starring Kerry Washington as Anita Hill.
