It is based on Disney's 1941 animated film of the same name, which was about the tale of a baby circus elephant, who is made fun of for his large ears and nicknamed Dumbo, said The Hollywwod Reporter.
"Transformers" franchise writer has Ehren Kruger penned the script. The film will use a mix of CGI and live action to bring the classic elephant story to life and will add a unique family story that parallels Dumbo's journey.
Justin Springer, who worked on "Tron: Legacy" as well as "Oblivion", is producing with Kruger.
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