Variety said the directors of "Fargo" and "The Big Lebowski" were putting their own spin on the novel by Charles Portis telling the tale from the point of view of the stubborn 14-year-old girl at the heart of the story.
The 1968 novel, as well as the film directed by Henry Hathaway the following year, focused on Wayne's character, the irascible and aging U.S. Marshall Rooster Cogburn whom the girl hires to track down her father's killers.
The Coen brothers wrote the screenplay and the film reunites them with Scott Rudin, who produced their Oscar-winning "No Country for Old Men."
The original featured Wayne, Kim Darby as the young girl, Glen Campbell as one of the lawmen and Robert Duvall and Dennis Hopper as outlaws.
Variety did not mention any of the actors starring in the remake, which will be squeezed in before the Coens begin filming "The Yiddish Policemen's Union" based on the novel written by Michael Chabon.