The music video and television commercial director is in line to take charge of the adaptation of Rick Remender's comic miniseries, reports Deadline.
Mandler has shot videos for Rihanna, Jay-Z and Eminem and adverts featuring David Beckham.
The Last Days of American Crime is set in a future where a new wave of terrorism has led to the development of technology that eradicates people's desire to commit crimes.
The series focuses on a group planning one final heist five days before the technology is activated.
Sam Worthington and Noomi Rapace were formerly attached to the film, with F Gary Gray in line to direct. It is unclear whether the actors are still involved.
Remender is currently writing Uncanny X-Force, Secret Avengers and Venom for Marvel Comics.
Mandler is also attached to direct Charlie Hunnam-starring vampire movie Vlad.