The storyline, which Marvel Comics first published in 1986, sees the blind vigilante's former lover Karen Page become a porn star and drug addict, eventually trading in her ex's secret identity for a heroin fix.
Fringe writer and co-producer Brad Caleb Kane has been hired to write the adaptation for studio 20th Century Fox, says The Hollywood Reporter.
Kane is a former actor who recently worked on the script for crime thriller Brooklyn's Finest.
The Twilight Saga: Eclipse director David Slade is still attached to helm the Daredevil revamp.
The British filmmaker informed his Twitter followers earlier this year that his take on the superhero had "a great outline for a very strong character driven take on Mr Matt Murdock" and would not be connected to Ben Affleck's 2003 Daredevil movie.