It's in early stages but Zak Penn (X-Men: The Last Stand...) will write a treatment. Michael B. Jordan could star.
WB are inspired by the relaunch of Star Wars, which has spin-offs released every other year, eg a "young-Han Solo film" is in production right now, and WB are thinking of making a plethora of movies set in the Matrix universe, including, eg a "young-Morpheus film".

Sense8 fans need not to worry, the Wachowskis are not involved in any capacity with the relaunch currently, although the studio would like to get them to endorse the project.
Good luck with that!

Since starting to do interviews in 2012, the Wachowskis have been loudly critical of the countless reboots/sequels Hollywood produces.
Unless I hear something super-exciting about this relaunch (like getting AAA scifi writers and directors attached, or somehow the Wachowskis truthfully endorsing it(!)), my feelings are that I hope it crashes and burns.
Next in line: The Lord of the Rings reboot. You know that it's coming!
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