Sandra Bullock is set to reunite with Ryan Reynolds for the action-comedy “Most Wanted” for Universal Pictures.Anne Fletcher, who directed Bullock and Reynolds in last year’s boxoffice hit “The Proposal,” is in negotiations to helm. Project is based on a pitch from writer Pete Chiarelli. Universal is keeping the logline under wraps. Mandeville Films’ Todd Lieberman and David Hoberman are producing. Reynolds and Jonathon Komack-Martin are exec producing through their Dark Trick banner. Universal’s Erik Baiers will oversee the project for the studio. Bullock, Reynolds and Chiarelli are repped by CAA. Fletcher is handled by UTA.