Gibson would presumably both produce and direct the project, according to The Hollywood Reporter.
The actor, 49, first played thirty-something-year-old Jesus 14 years ago.
Gibson had hinted last year that the film might not be released until late 2019 or early 2020, "because it's a big subject."
The original "Passion of the Christ" was released by Newmarket Films in 2004 and earned USD 612 million worldwide on just a USD 30 million production budget.