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Warner Bros and Legendary are in talks to land the project.

Tom Cruise will star in the new feature from The Revenant filmmaker Alejandro G. Iñárritu, The Hollywood Reporter has confirmed.
Warner Bros. and Legendary Entertainment are in talks to acquire the package, which marks Iñárritu’s first English-language film since the Leonardo DiCaprio starrer The Revenant nearly a decade ago.
Plot details are being kept under wraps for the feature project that was written by Iñárritu, Sabina Berman, Alexander Dinelaris and Nicolás Giacobone.

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The project comes after Cruise inked a splashy (but not exclusive) deal with Warner Bros. last month, leading to rampant speculation over what the pact would yield. The feature also fits the bill of rumors that Cruise is eager to work with auteurs after spending much of the past decade on franchise projects, including the Mission: Impossible films and Top Gun: Maverick, all at Paramount. Cruise is currently working on the next Mission movie and is still developing a much-touted feature that would be shot in space for Universal and director Doug Liman.

Iñárritu last directed the Spanish-language Netflix drama Bardo. Prior to this, the director was in theaters with The Revenant, which earned over $500 million at the global box office and landed him the best director Oscar. This followed his 2015 best picture, director and original wins for Birdman or (The Unexpected Virtue of Ignorance).
Cruise has been nominated twice for best actor, in Oliver Stone’s Born on the Fourth of July (1990) and Cameron Crowe’s Jerry Maguire (1997), and once for supporting actor in Paul Thomas Anderson’s Magnolia (2000). Iñárritu directed DiCaprio to Oscar gold in The Revenant and helped Michael Keaton land a best actor nom for Birdman. The pairing of Cruise and the filmmaker is sure to raise the notion that the actor is hoping for a prestige play.
Warners, meanwhile, has been beefing up its roster of features with top talent in recent months, locking down Ryan Coogler’s next feature and greenlighting a Paul Thomas Anderson movie with Leonardo DiCaprio attached to star. Legendary and Warners are out in theaters next weekend with Dune 2, the sequel to Denis Villeneuve’s sci-fi epic.
Cruise is repped by CAA and Greenberg Glusker. Iñárritu is repped by CAA and Gang Tyre.

Deadline first reported the news of the project.
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