According to Deadline.com, the trio has been enlisted by the Araca Group (A Raisin in the Sun, Cinderella), Gross Entertainment ("Across The Universe") and Universal Stage Productions (Bring It On), who will produce.
The film's score features music by late Tony and Pulitzer Prize-winning writer Marvin Hamlisch (A Chorus Line), but it is unclear if his work will be incorporated in the planned stage adaptation.
"The Sting," written by David S. Ward and directed by George Roy Hill, took home seven 1974 Academy Awards for Best Picture, Best Director, Best Writing, Best Art Direction, Best Costume Design, Best Film Editing and Best Music.
The film, set in Depression-era Chicago, starred Robert Redford and Paul Newman as professional grifters who con a mob boss (Robert Shaw).
Martin, who also starred in The Drowsy Chaperone, also penned Elf.
