The studio is developing a new adaptation of H G Wells' 1886 novel of the same name with producers Lucy Fisher and Douglas Wick who are also working on a new take on "Dr Jekyll and Mr Hyde", reported Ace Showbiz.
The spin-off is expected to make the Invisible Man the villain of the film, with the audience following the hero that is tasked to hunt him down.
Other details are not available, but Sony will face competition from Universal which is also rebooting the classic story.
Universal's "The Invisible Man" is planned to be part of a bigger Avengers-style universe.