In the new film, "Hustle", Sandler will play an American basketball scout who is unfairly dismissed shortly after discovering a potential NBA superstar abroad, according to The Hollywood Reporter.
"We the Animals" director Jeremiah Zagar is on board as director, with James signed on as a producer and writers Taylor Materne and Will Fetters penning the script.
The new project follows the critical success of the "Happy Gilmore" star's previous Netflix movie, "Uncut Gems", in which he played a New York jeweller whose gambling addiction derails his business and search for a prized gem.
James has been moving into the entertainment sphere in recent years with his production firm, SpringHill Entertainment, and is set to star in "Space Jam: A New Legacy", a sequel to the beloved 1996 movie starring Chicago Bulls superstar Michael Jordan alongside the "Looney Tunes" cartoon characters. It is due out next year 2021.