A new biopic about the life of martial arts legend Bruce Lee is currently in the works, the late actor’s daughter Shannon Lee has officially announced. The film will be the first to be made about the icon's life with the full involvement of the Lee family.

Bruce LeeThe late Bruce Lee

“There have been projects out there involving my father, but they’ve lacked a complete understanding of his philosophies and artistry,” Shannon Lee said in a statement.

“They haven’t captured the essence of his beliefs in martial arts or storytelling. The only way to get audiences to understand the depth and uniqueness of my father is to generate our own material and find amazing, like-minded partners to work with.”

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The film will be produced by Bruce Lee Entertainment, in association with Lawrence Grey, Ben Everard and Janet Yang. Yang, whose production credits include Empire of the Sun and The People vs. Larry Flynt, previously worked on the 1993 biopic of Lee, Dragon: The Bruce Lee Story.

“Many don’t know that Bruce Lee was also a prolific writer and a creator of his own unique art and philosophy,” Shannon Lee said. “That’s what we want to show — not just his kick-ass physicality, but the depth of his character and beliefs.”

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According to Variety, Bruce Lee Entertainment is also developing a TV series based on an original idea and materials by Lee himself, with director Justin Lin from The Fast And The Furious 6 already onboard. The production company is also said to be developing a reality-based show to launch in China with Keanu Reeves and Stephen Hamel of Company Films.

Lee died aged 32 in 1973, after collapsing during an ADR session for the movie Enter the Dragon in Hong Kong. Since his death he has gone on to be recognised as a global icon and is remembered as one of the most influential martial artists of all time.