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The independently-produced, English-language film will be based on John Blickstead’s script about Hua Mulan, the female soldier who joins an all-male army in 6th century China.
Producer Ying Ye told The Hollywood Reporter of the project: “This is the first independent film directed by Jan de Bont, whose worldwide box office track record is huge.”
He added that the pairing of de Bont and Zhang was “a winning combination".
De Bont has helmed Speed, Twister, and Lara Croft Tomb Raider: The Cradle Of Life.
Zhang shot to fame in Ang Lee's Crouching Tiger, Hidden Dragon and has also appeared in Rush Hour 2 and Memoirs Of A Geisha.
Production on Mulan is due to begin near Shanghai this autumn.
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