Details of Renner and Buress' roles are currently unknown, other than the fact that they will be part of the core group of friends, reported Variety.
Jeff Tomsic is on board to direct from a script by Mark Steilen and Rob McKittrick.
Todd Garner, Steilen and Sean Robins are producing the project.
The film is based on a true story featured in the Wall Street Journal about a group of friends who have been playing a no-holds-barred version of the children's game Tag for the last 30 years.