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The Lock Stock And Two Smoking Barrels director will rewrite and helm the project, which is expected to have an action-orientated slant on the famous fictional British detective.
Ritchie's movie will be based on a forthcoming Holmes-based comic book by Lionel Wigwam, which focuses on the character's boxing and swordsmanship skills.
Previous actors to play Arthur Conan Doyle's creation include Basil Rathbone, Ronald Howard and Peter Cushing.
Warner Bros has scheduled the movie for a 2010 release.
More: Guy Ritchie, Movies
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