Elgort, 22, is said to play the lead role in the fantasy adventure movie, reported Aceshowbiz.
"Dungeons & Dragons," starring Jeremy Irons, Thora Birch, Bruce Payne and Marlon Wayans became popular through the late 1970s and 1980s.
The film revolves around a warrior and his band of mystical creatures as they embark on a dangerous journey to find a fictitious treasure.
The upcoming reboot will be directed by Rob Letterman. David Leslie Johnson will pen the script.
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