"Netflix is the perfect partner and platform for us to continue entertaining our global audience in a disruptive way," Johnson said.
"These diverse characters speak to a legacy of storytelling that is more relevant than ever and span across a worldwide audience regardless of age, gender, race, or geography," he added.
Wheeler developed the pitch with Hiram Garcia, president of the production at Dwayne Johnson and Dany Garcia's Seven Bucks Productions.
Johnson will also serve as a producer on the film.
(With inputs from agencies.)