Hill has signed a deal with the Aldrich Company to adapt the screenplay and direct.

Robert Aldrich directed the 1962 original from a screenplay by Lukas Heller based on the novel by Henry Farrell. Bette Davis and Joan Crawford played sisters who live in a toxic relationship that spirals into violence. Hill will produce alongside the original director’s daughter Adell Aldrich.

“The two equal leads demand great performers – that is a given,” Hill said. “The intensity of the gothic storyline makes a reconfiguration of the drama still a potentially searing experience. The idea is to make a modern film without modernising the period. It needs to resonate the golden age of Hollywood.”

“I am greatly honoured that Walter Hill will be joining us in the collaboration of this film,” Aldrich said. “I know that he will respect the material and the legacy of this terrific project.”

Hill most recently directed the action thriller Bullet To The Head starring Sylvester Stallone.  Warner Bros has scheduled the US release in February 2013 and IM Global handled international sales.