The movie depicts the story of Richard Jewell, the security guard who went from being a hero to a suspect at the 1996 Atlanta Olympics, reports hollywoodreporter.com. He was later exonerated.
Hill will play Jewell and DiCaprio will essay Jewell's attorney.
DiCaprio will also produce the movie adaptation with his partner Jennifer Davisson Killoran, Hill and Kevin Misher.
Jewell was working as a security guard at the 1996 Summer Games when he discovered a backpack containing pipe bombs, subsequently sounding the alarm and helping to clear the area. However, the bomb detonated, killing one person and injuring dozens of others.
Initially hailed as a hero, Jewell was soon the prime suspect, as the FBI searched his home twice. He was later cleared of all charges.
The yet untitled project is still in development.
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