The network has ordered a script from Sony Pictures Television and it will be overseen by Douglas Wick and Lucy Fisher, who produced Will Ferrell and Nicole Kidman's 2005 movie adaptation.
Bewitched, which originally aired on ABC for eight seasons between 1964 and 1972, followed the story of witch Samantha (Elizabeth Montgomery) who was trying to live the life of a normal housewife. Dick York and later Dick Sargent played Samantha's husband Darrin.
Marc Lawrence (Miss Congeniality) will write the script and exec produce.
Bewitched follows on from a number of classic series being rebooted by networks, including Hawaii Five-O on CBS and Charlie's Angels on ABC. TNT is also working on an update of Dallas, which will premiere in 2012.
Watch the classic Bewitched intro below: