The Oscar-winning Hurt Locker director is to reunite with screenwriter Mark Boal for the untitled thriller, revolving around the military operation in Pakistan that resulted in the death of the al-Qaida leader.
Boal, a former war journalist who was embedded with bomb squads during the Iraq war in 2004, has been using his military and intelligence contacts to track the operatives who eventually killed Bin Laden in a Pakistani compound on Sunday.
According to Variety, the terrorist's demise has given Boal a natural ending for his film and opened the door to generate funding. The Hurt Locker writer began work on the project with Bigelow last December.
The untitled movie, to feature a recreation of the 40-minute firefight in which Bin Laden was killed, is due to begin production this summer. Casting is currently underway, although offers to actors are pending a final draft screenplay.
The film marks the first time Bigelow has directed a feature since winning the 'Best Director' and 'Best Picture' Academy Award. She and Boal are also working on a project titled Triple Frontier.
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Watch US president Barack Obama announce Osama Bin Laden's death below: