The film centres on a man who attempts to win as a contestant on the game show Jeopardy!, hosted by Alex Trebek. Along the way, he finds himself and falls in love, reports Pajiba.
William Wheeler wrote the script. A director has yet to be attached.
Maguire's forthcoming films include black comedy The Details and a fourth Spider-Man outing, due in cinemas in May 2011. He has also been rumoured to play Bilbo Baggins in the forthcoming adaptation of The Hobbit.