Initially announced in 2013, Ang Lee will tackle what was described as an epic look at the boxing world of the 1960s and 1970s, as seen through the prism of its biggest rivalries and greatest fights. And, by the way, it’ll be in 3D.

The was set up at Universal Pictures with Peter Morgan ("Frost/Nixon") attached to pen the script.

Obviously, I’d assume that, given the premise ("biggest boxing rivalries and greatest fights of the 1960s and 1970s"), we can expect to see a lot of Muhammad Ali, who fought Ken Norton 3 times between 1973 and 1976; he also fought Joe Frazier thrice in the 1970s (including The Thrilla In Manila), which were some of the most exciting fights in boxing history; and he also fought George Foreman – The Rumble in the Jungle in 1974. 

Did I mention this will be in 3D?

Announced today, Jeff Robinov’s Studio 8 shingle is now where the project calls home, according to a Deadline report, seemingly reviving it, as director Lee scouts locations.

In addition, Variety adds that David Oyelowo is Lee’s top choice to play Joe Frazier in the film, although no deal is in place, and no other casting had been made public yet.

Assuming Oyelowo does sign on, this would be the second famous boxer that the actor would be attached to play; the other being Sugar Ray Robinson in a biopic that will be based on Wil Haygood’s "Sweet Thunder: The Life and Times of Sugar Ray Robinson" which was optioned in 2010 to be adapted. In 2013, "Moneyball" producer Racheal Horowitz, and "Game Change" screenwriter Danny Strong, were said to be moving ahead with the project, with David Oyelowo tapped to star. No updates since then; at least, nothing public.

I wonder if the success of "Creed" may be helping boost Lee’s project?

Oh yeah, it’ll be in 3D!