Hancock director Peter Berg has signed a deal to make the film, written by brothers Jon and Erich Hoeber and to be produced by Scott Stuber and Hasbro pair Brian Goldner and Bennett Schneir.
Berg told Variety that his interest in telling a maritime adventure stems from his naval historian father.
"I've been consumed with doing one of these since I tried to make a film about John Paul Jones, the founder of the American Navy," Berg remarked. "As a kid, I was dragged from Navy museum to museum, and spent so much time on ships, listening to my father talk about the great battles of WWII."
The filmmaker added that his present-day story will involve "an international five-ship fleet engaged in a very dynamic, violent and intense battle".
Battleship will reportedly begin filming next spring.