The project titled "Shaolin Temple: The Legendary Monk" will be co-produced in Hollywood with a sky-high injection of 15 million US dollars.

A dream Asian lineup is expected to star in the film and Hollywood masters Ang Lee, John Woo and Yuen Woo-ping are in talks about directing the project.

The original leading actor, Jet Li, will again star as the hero in the new mega-hit.

The first film is credited with popularizing the the kung fu film genre in China.