Guardians of the Galaxy co-writer Nicole Perlman has been recruited to pen the script for the revamp of what was puppet master and Muppets creator Jim Henson's final film as a director.

The original also featured Jennifer Connelly as a teenager on a quest to save her younger brother from Bowie's goblin king character.

Monty Python star Terry Jones wrote the script for the 1986 film and George Lucas executive produced the movie.