The American comic will produce, star and co-write the movie, according to The Hollywood Reporter.
Franz Oz's original film made $46.5 million worldwide on its release in 2007. It starred Matthew MacFadyen, Keeley Hawes and Daisy Donovan.
Rock's film is being switched to an urban American setting, but will retain the original producer William Horberg.
SKE's Jim Tauber commented: "Chris, who was an unabashed fan of the film, came to us with a hysterical, completely new reimagining of the original concept.
"[Sony Screen Gems] loved it and jumped on board right away, and they're bringing their considerable marketing and distribution savvy to the project."