The 20th Century Fox is planning to develop "The First Omen" using the script from "Bleed" scribe Ben Jacoby, The Hollywood Reporter said.
David Goyer is producing via his Phantom Four banner.
Campos has been developing a resume in horror and thriller genre.
He wrote and directed the 2012 thriller "Simon Killer" and is the director of this year's "Christine".
The latter movie, which will head to Sundance and open in theaters this October, is a biographical drama about TV anchor Christine Chubbuck who shot herself on the head during a live television broadcast.
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Back in mid '70s, "The Omen" was so popular that the boy character's name Damien became a pop culture and the film spawned fears for baby swapping and evil nannies.
The original film and the 2006 reboot starring Liev Schreiber and Julia Stiles had never deeply explored the story before Damien's arrival.
Cable network A&E is now airing "Damien", a series based on the horror film which follows the grown-up version of the character.