The studio has contracted Noble Jones to write and direct a new film adaptation of the Bret Easton Ellis novel, according to Deadline.
The book was previously adapted for the screen in 2000. It starred Christian Bale as serial killer Patrick Bateman.
Jones, who has helmed music videos for Taylor Swift and Mary J Blige, will adapt the novel for the present day.
Bale, who recently finished shooting The Dark Knight Rises, has insisted that he will never return to the Batman franchise.
In November, it was reported that Bale will star in two new films from director Terrence Malick.
Watch the trailer to the original adaptation of American Psycho below (warning: adult content):