Tatum recently concluded production on Kingsman: The Golden Circle, the sequel to 2014’s action film Kingsman: The Secret Service.
The original Splash launched the careers of not only Hanks and Hannah – it also marked Ron Howard’s first major leap to film-making.
Bell will next be seen in the ensemble holiday comedy Office Christmas Party, alongside Jennifer Aniston and the breakout Ghostbusters star Kate McKinnon.
Jillian Bell, the comedian who starred alongside Tatum as the villain in 22 Jump Street, will portray the mermaid’s love interest – first played by Tom Hanks – according to Deadline.