Shyamalan developing sci-fi film for Jaden Smith

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LOS ANGELES (Hollywood Reporter) - M. Night Shyamalan is in Hollywood this week putting together his next directorial effort which will see him working with Will Smith.

But it won't be the secret untitled project he shopped around in June. That script, which came with Bruce Willis, Bradley Cooper and Gwyneth Paltrow loosely attached, never found a buyer and was quietly shelved.

That's not to say Shyamalan has lost his love for secrecy -- sources are saying Shyamalan is developing an ultra clandestine sci-fi project titled "One Thousand A. E." at Smith's Overbrook production company.

It would star Smith's son, Jaden, who headlined the hit remake of "Karate Kid." There is a key role for a male adult, although sources said Will Smith is not taking it on.

As was also the case with recent film "The Last Airbender," Shyamalan did not write "A.E." That honor goes to Gary Whitta, who wrote "The Book of Eli" and a Kurt Russell project in development called "Undying."

"A.E." has no studio home yet although Overbrook has a first-look deal with Sony, which will likely be its home.