An adaptation of the as yet unreleased novel "Firing Point" by Don Keith and George Wallace the story follows a Navy Seals team in a submarine sent on a mission to Russia to stop a renegade admiral from launching a coup.
Butler would play Joe Glass, the captain of the submarine though his casting isn't confirmed.
"Salt" and "Clear and Present Danger" director Phil Noyce was due to call the shots, but Moviehole reports that Noyce has now left the picture
The pic is to be produced by Neal Moritz
Things better get moving fast because there's three other key roles to fill and the project already set a December 2012 release date.
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