The production house has collaborated with Hasbro Studios for the project, five years after it was ditched at Universal, reported Variety.
The new version will reportedly be more action-oriented and not a straight remake.
Josh Feldman, the head of Hasbro's TV and film division, is producing for Hasbro Studios while Daria Cercek is overseeing for Fox.
Hasbro launched development of a "Clue" movie in 2008 as part of a six-year partnership with Universal to produce at least four feature films based on branded properties: Clue, Monopoly, Candyland, Ouija, Battleship, Magic: The Gathering and Stretch Armstrong.
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