The British actor will team up with Wahlberg to tell the real-life story of boxer ‘Irish’ Mickey Ward.
The tale centres on how the Boston fighter was helped to the world lightweight championship by half-brother Dicky Eklund.
Wahlberg is expected to play Ward, with Bale playing Eklund.
Eklund, himself a boxer, was once a world contender who floored champ Sugar Ray Leonard and went the distance against the legend before spiralling into drugs and crime.
He later redeemed himself by training Ward for a Rocky-like inspirational shot at the title.
The film is expected to begin production in July.
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