The project, currently being developed under the working title “Untitled Celebrity Death Pool,” will have the thesp portray a struggling nightclub owner who after amassing a large debt from a loan shark, sets out to win a long-running celebrity death pool by attempting to kill Hasselhoff.
Hogan will also appear in the film in a cameo, as will Hasselhoff, while other celebs are also expected to make appearances as celebrities with targets on their backs.
Jeong is currently lensing “Ride Along 2″ with Ice Cube and Kevin Hart for Universal.
“Diary of a Mad Black Woman”-helmer Darren Grant will direct the celebrity death pool project from a spec script by Peter Hoare.
Ashok Amritraj’s Hyde Park Entertainment, which has “Life of Crime” upcoming, Image Nation Abu Dhabi and WWE Studios are co-producing the film, with the companies eyeing a 2015 release.
Hyde Park will handle international sales, while WWE Studios will promote the film across through its weekly TV shows, digital streaming network, websites and other outlets.
WWE and Hyde Park already were developing a bigscreen version of “The Fall Guy.”
Hoare is repped by Kailey Marsh Management and attorney Hayes Robbins at Stone, Meyer, Genow, Smelkinson & Binder.
Deadline Hollywood first reported the news.