The action movie - which also stars Alexandra Daddario - is among the surprise hits of the year and according to Deadline, the duo are set to collaborate once more having also worked together on the 2012 hit 'Journey 2: The Mysterious Island'.
Brad, 37, will direct and Dwayne will take on the leading role in the movie based on the 1986 videogame, which allowed players to control one of three monsters, who destroyed buildings and generally created havoc.
Meanwhile, Dwayne recently credited his ''solid'' home life for helping him make a successful transition from being a wrestler to an actor.
The 'San Andreas' star paid tribute to long-time girlfriend Lauren Hashian and his teenage daughter Simone, explaining: ''When I first came into acting, I had great opportunities to make a decent movie. I had a run there in 2005, '06, '07 - for a long time it was 'Oh, he's the best thing in the movie that's not that good.'
''I started questioning: Did I make the right choice? Should I have stayed in wrestling a bit longer? And then budgets became lower and lower and the pay kinda stayed the same and there wasn't a lot of growth.''
American Thighs was released on this day in 1994.
Gloo is a new supergroup consisting of UK mystic-beat producers Iglooghost and Kai Whiston as well as nu-pop singer/producer BABii.
Listen to her new single Forgive Me now.
His new album Underneath It All is out now.
'Charli' sees Charli XCX continue to innovate, never being afraid to get honest and show her vulnerability.
Angel of the north Sam Fender has finally graced our ears with his highly anticipated debut album Hypersonic Missiles.
JPEGMAFIA is back already with his newest record 'All My Heroes Are Cornballs' and we doubt anyone could've seen this coming.