The filmmaker will make his directorial debut on Summit Entertainment's fantasy film, reports Deadline.
Nicolas-Troyan served as visual effects supervisor and second unit director on Snow White and the Huntsman.
Iron Man writers Art Marcum and Matt Holloway are working on a script that is believed to be closely based on the 1986 Christopher Lambert-starring original, which was directed by Russell Mulcahy.
The franchise centres around a group of immortals who vie for dominance by battling each other to the death.
"I have been working on my pitch for this since the summer, and when I got there I met the original producer and I just started geeking out and he loved it," said Nicolas-Troyan.
"The first movie came out when I was a teenager in France and it was one of my favourite films of those years. I loved the series also, they shot a lot of it in France, on the Seine River.
"My first reaction, like everybody else, was, really, do we need a remake? Then I read the script, and I thought about how Russell Mulcahy was this super visual video director who brought the pulse of the '80s to the film so well.
"I started thinking about taking those great characters and matching them with a modern, visceral take, and then I was in love with the idea and I just went for it."
Ryan Reynolds was formerly attached to star in the project before stepping down earlier in the year.
Watch Christopher Lambert talking to Digital Spy about the Highlander remake below: