Will Smith will reteam with his "Suicide Squad" director David Ayer, to tackle a new project titled “Bright,” which Joel Edgerton is also attached to co-star in, with Max Landis penning the script.

Full details on "Bright" are still underwraps at the moment, other than a description of the film as a futuristic cop thriller with fantastical elements, set in a world where Orcs and fairies live among humans. I can’t help but think of another Will Smith interracial buddy-action-adventure movie with fantastical elements – namely, the "Men in Black" franchise of movies.

The project is not yet set up at any studio, although given who is attached, it likely won’t be long before it finds a home.

Will Smith is currently filming "Collateral Beauty" just kicked off principal photography. The New Line Cinema and Village Roadshow Pictures project sees Smith leading an all-star cast that includes Edward Norton, Keira Knightley, Michael Peña, Naomie Harris, Kate Winslet, Helen Mirren and Jacob Latimore. The film has been slated for release on December 16, 2016, and is on my list of potential 2017 Oscar contenders, for individual performances and the overall film itself.

Deadline was first to report the news on "Bright."