J C Chandor, best known for helming films like "Margin Call", "All Is Lost" and "A Most Violent Year", is on board to direct the project, while Charles Roven and Alex Gartner of Atlas Entertainment are producing it, reported Variety.
The film is set in the border zone between Paraguay, Argentina and Brazil, which is known as one of the world's largest havens for organized crime.
There are no details yet about what roles Tatum and Hardy would be taking on for the film despite its long development phase.
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