Li is the ‘One’ for Roth pic

Action star still waiting on 'Hornet' script

Jet Li will be paid upwards of $7.5 million to play the lead in Revolution Studios’ “The One,” to be helmed by Jim Wong from a script he co-wrote with writing partner Glen Morgan.

Universal Pictures had a pay-or-play option on Li and hopes he will still star in “The Green Hornet,” tackling the role of Kato (Daily Variety, June 22). The “Hornet” script, however, is not yet ready, which enables Li to move on to “The One” while his attachment to “Hornet” remains intact.

In “The One,” Li replaces the Rock, who was to take the lead but elected to star in Universal’s “The Scorpion King” instead. Wong and Morgan are rewriting “The One” for Li.

Morgan will produce along with Steve Chasman and Charles Newirth. Corey Yuen will serve as the director of all the action sequences in the film. Happy Walters is exec producer. Production is slated to begin in January, while the pic is slated for an August release.

“The One” is the story of a cop who must fight his evil double from a parallel universe in order to save himself and the world.

Li is in Paris lensing Luc Besson’s “Kiss of the Dragon,” co-starring Tcheky Karyo and Bridget Fonda. The action star will also likely co-star in both sequels to “The Matrix.”

Morgan and Wong, repped by Endeavor, wrote “Final Destination” for New Line.

Li is managed by Steve Chasman; his attorneys are Jake Bloom and David Feldman at Bloom, Hergott, Deimer and Cook.