The story follows a New York police officer investigating real life demon possessions, and exorcisms.
The project is in the process of making its way to ScreenGems, pending a rights deal, with Jerry Bruckheiner producing.
Mark Wahlberg was previously under consideration for the role than Bana is now considering.
Derrickson (“The Exorcism of Emily Rose”) is directing from a script that he co-wrote with Paul Boardman.
Derrickson’s previous credits include “The Day The Earth Stood Still,” with Keanu Reeves.
Derrickson also co-wrote and directed “Sinister,” starring Ethan Hawke, which was released by Summit in October.
Bana could most recently be seen in the films “Deadfall” and “The Time Traveler’s Wife.” His other upcoming films include “Elvis & Nixon,” “By Virtue Fall” and “Closed Circuit.”
Bana is repped by WME, which did not respond to TheWrap's requests for comment.