The duo, who are set with their directorial debut "Vacation", a reboot of the 1983 film, are being considered to pen the "Spider Man" reboot, said The Hollywood Reporter.
Ironically, the duo were among the finalists for the directing the movie but director Jon Watts, of the upcoming indie thriller "Cop Car" was chosen.
The new story will be set in high school.
Tom Holland is playing Peter Parker/Spider-Man and will make his first appearance in Marvel's "Captain America: Civil War" before heading the reboot.