Vittorio Zunino Celotto/Getty Images
Teresa Jue
November 05, 2014 AT 08:59 PM EST

EW has confirmed that Matt Damon will be starring in Alexander Payne’s new film, Downsizing. 

The film, according to Deadline, is a social satire that follows a down-on-his-luck man who decides he can have a better life if he undergoes a process to shrink himself. It’s set at 20th Century Fox and Payne’s production company Ad Hominem Enterprises and will be written by Payne and Sideways co-writer Jim Taylor.

EW has also confirmed that the film will pull him out of starring in Zhang Yimou’s epic film, The Great Wall, which Damon was reportedly in talks to join. Damon will next start production on Ridley Scott’s The Martian and will be reteaming with Paul Greengrass for another installment in the Bourne franchise.

 

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