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According to Deadline, the studio has enlisted Elf screenwriter David Berenbaum to bring the famed animated rabbit back to cinemas.
The character last appeared on the big screen in Brendan Fraser's 2003 movie Looney Tunes: Back In Action. Prior to that, the Looney Tunes group were in 1996's Space Jam, which featured NBA star Michael Jordan and Bill Murray.
Bugs Bunny was created in 1940 by Tex Avery and voiced by Mel Blanc, who also provided vocals for Elmer Fudd, Daffy Duck and Porky Pig.
Warner Bros has recently produced three Looney Tunes short films to play in front of their features Cats And Dogs: The Revenge Of Kitty Galore, Legend Of The Guardians and Yogi Bear.
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