"Promised Land" was to be Matt Damon's directorial debut, but his "Good Will Hunting" director Gus Van Sant will do the honors instead
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If the deal goes through, Focus and Participant Media will produce the movie, which Van Sant will direct and Damon and Krasinski rewrote from Dave Eggers' first draft.
Krasinski came up with the idea for the movie, which is about a salesman whose life changes after he arrives in a small town.
Damon and Krasinski also will star in the film.
The movie had been in turnaround at Warner Bros.
"Promised Land" was to be Damon's directorial debut, but scheduling conflicts got in the way. His "Good Will Hunting" director, Gus Van Sant, stepped in to take the job.
Deadline first reported the news.