Tom Cruise is set to reunite with director Joseph Kosinski to revive Fox's racing drama Go Like Hell.

Cruise and Kosinski worked together on action film Oblivion and the Mission: Impossible star is reportedly keen to renew their professional relationship.

The film centres on the fierce rivalry between Ford and Ferrari surrounding the 1966 Le Mans race, the first time the American company won the competition thanks to driver-turned-engineer Carroll Shelby's work with Henry Ford Ii to reinvent the firm.

Cruise will play Shelby if plans go ahead, though the project is still in its early stages, according to The Hollywood Reporter.

Michael Mann was originally attached to the project when it began development in 2011 but decided not to pursue it.