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Will Gluck Directing 'Annie' Remake

Will Gluck is in negotiations to direct a new version of the Broadway musical "Annie," Sony Pictures said Wednesday. 

The story of the plucky little orphan who moves from "hard knock life" to riches is being brushed up as a possible vehicle for Will Smith's daughter Willow Smith. Gluck previously direct "Easy A" and "Friends with Benefits" for the studio.

He will revise the film's screenplay, which was written by Emma Thompson and rewritten by Aline Brosh McKenna based on the stage play.

Instead of the Great Depression, the film will be set in the modern day.  The studio is anticipating a late fall start and is eyeing a 2014 release date.

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