Will Smith and Michael Bay are set to reunite for the Netflix action feature ‘Fast and Loose.’

Bay is currently in negotiations to take the helm on the movie with Smith set to star.

The story follows a man who wakes up in Tijuana with no memories. As he pieces together his past, he learns he’s been living two lives: one as a crime kingpin and the other as an undercover CIA agent.

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Jon Hoeber, Erich Hoeber, Chris Bremner and Eric Pearson have penned the script. Producers on the project include Smith, Kelly McCormick and David Leitch for 87North. Co-president and head of motion pictures Jon Mone and Ryan Shimazaki are in negotiations to produce for Westbrook Studios and James Lassiter.

Executive producers are Robert Simonds and Noah Fogelson for STXfilms, and Barry Waldman.

Bay and Smith worked together back in 1995 on ‘Bad Boys,’ the movie marked Bay’s directorial debut.