It has been described as an "intriguing take" on the original movie, which Bell - who co-starred alongside Tatum in 22 Jump Street - reportedly pitched to executive producer Ron Howard.
She said: "I'm not the kind of person who would go to the gym. For me, working out has to be good for my mind too, and when I leave [spinning class SoulCycle], the endorphins are buzzing, I'm glowing and I feel like I can take on the world."
Deadline reports no director has been attached to the movie yet, with the script to be written by Liked screenwriter Marja-Lewis Ryan.