"Pirates of the Caribbean" and "The Mask of Zorro" scribes Ted Elliott and Terry Rossio are in final negotiations to write a live-action big-screen adaptation of "The Lone Ranger" for Disney and producer Jerry Bruckheimer says The Hollywood Reporter.

The hero's origin story begins with a group of Texas Rangers chasing down a gang of outlaws led by Butch Cavendish. The gang ambushes the Rangers, seemingly killing them all.

One survivor is found, however, by an American Indian named Tonto, who nurses him back to health. The Ranger, donning a mask and riding a white stallion named Silver, teams up with Tonto to bring the unscrupulous gang and others of that ilk to justice.

The property began life as a 1930s radio show before becoming movie serials, TV shows, comic strips and comic books, toys, novels and more.

The last big screen incarnation was the 1981 bomb "The Legend of the Lone Ranger". A TV movie/backdoor pilot with Chad Michael Murray in the role was made in 2003 but failed to draw ratings.