The film will be based on the original Hans Christian Andersen story of a mermaid who wished to become human after falling in love with a man she saved from drowning.
Earlier this year, director Sofia Coppola left the project after creative differences with the studios. According to Variety, Moretz had been the frontrunner for the role even while Coppola was still attached. Some insiders have suggested that Coppola wanted to cast a lesser-known actress in the role rather than a star like Moretz and this was one of the reasons for her parting ways with the project.
Following Coppola’s exit, the studio still wanted Moretz for the role but did not want to make it official until a writer was attached to pen the final pass at the script.
British screenwriter Richard Curtis, will now be writing the script for Working Title and Universal, but a new director has not yet been announced.
Filming dates have yet to be announced but Chloe took to her Instagram and Twitter account to confirm the news. She wrote: "Here it is !! I've been waiting months to tell everyone how excited I am to take on this beautiful journey with Working Title, Universal, and a beautiful script by Richard Curtis..#TheLittleMermaid !!!! Here we go!!!"