The director of the original version of Japanese horror The Ring is attached to the adaptation of IDW Publishing's comic book miniseries, reports Deadline.
Producers Roy Lee and Taka Ichise - who have worked with Nakata and on films deriving from his projects - have bought the film rights to the series.
El Torres and Gabriel Hernandez's four-issue story centres around an American ex-pat who disturbs the spirits of Aokigahara forest.
He must seek the aid of a forest ranger after he attracts the ire of a ghost from one of the most famed suicide spots in the world.
The Suicide Forest is still in the early stages of development, with the producers yet to secure a writer for the project.