Set to use the same 3D technology Cameron used for Avatar, Fantastic Voyage is about a scientist who is dying of a blood clot. His only chance for survival is for five scientist colleagues to be miniaturized in a ship, and injected into his bloodstream.
The film remakes the 1966 original, which was directed by Richard Fleischer and starred Raquel Welch and Donald Pleasence.
Shane Salerno wrote the script, which is being polished by Laeta Kalogridis.
Jackman is not yet a lock for the project and his involvement likely hinges on what happens with The Wolverine, still without a director since Darren Aronofsky left the X-Men spinoff earlier this year.
Levy and Jackman were also recently rumored to work together on an untitled action-adventure from screenwriter Carlton Cuse (“LOST”), also set for development at 20th Century Fox.