Variety reports that Will Smith will be producing a remake of "The Karate Kid" for his son, Jaden Smith. Jaden co-starred with his father in "The Pursuit of Happyness."

Chris Murphy has been tapped to pen the new screenplay. Jerry Weintraub, who produced the original, is also on board. Shooting will take place in Beijing and other international locations next year.

The story will once again focus on a bullied youth who is mentored by an eccentric man.