Witherspoon will also produce the pic with her producing partner Bruna Papandrea through their Pacific Standard banner.
Victoria Strouse is penning the script.
Plot details are unknown other than that the film is set in the world of the classic novel with Tinker Bell in full focus.
The project is still in development and there is no timeline for it to go into production.
It’s yet another project based on a classic Disney animated pic that is being given the live-action treatment. Disney has already seen live-action versions of “Alice in Wonderland,” Sleeping Beauty story “Maleficent” and “Cinderella” become box-office hits and sees this as a formula that works as well as a comicbook pic.
The studios has “Beauty and the Beast” in production and is also developing live-action versions of “Dumbo” and “Winnie the Pooh.”
Witherspoon was most recently seen in New Line’s “Hot Pursuit” and recently joined drama “Pale Blue Dot” at Fox Searchlight.
She is repped by CAA and LBI Entertainment. The Hollywood Reporter first reported the news