The duo, Joe and Anthony Russo are said to have signed an agreement with Beijing-based Fangjin Visual Media Culture Communication Company to co-produce the project, tentatively named "A Hero's Awakening."
In an interview with The Hollywood Reporter, Joe Russo said they were very interested in Chinese voices and 'dimensionalizing' world cinema.
The story and concept of the Chinese superhero are currently being kept under wraps but the cast is expected to be entirely Chinese.
The budget for the film is also unsettled at the moment.
"Captain America: Civil War" is still ruling Chinese box office after a massive opening which took in some 96 million US dollars in the first three days.
Source: CRI