Original author adapting tale for modern times.

MGM is said to be moving ahead with a new adaptation of Richard Matheson’s classic sci-fi novel ‘The Shrinking Man.’

Published back in 1957, the novel centres Scott Carey, a man who begins to shrink in size after being exposed to a combination of radiation and insecticide.

According to Heat Vision, the studio has enlisted 87 year-old Matheson (‘I Am Legend,’ ‘What Dreams May Come’) and his son, Richard Matheson Jr., to provide the screenplay for the new film with plans to keep the tone of the original while updating the tale to reflect advancements in nanotechnology.

Matheson described his new take on the tale as “an existential action movie” adding, “My original story was a metaphor for how man’s place in the world was diminishing. That still holds today, where all these advancements that are going to save us will be our undoing.”