Jeff Wadlow has come aboard to rewrite Masters of the Universe, Columbia’s big-screen adaptation of the popular 1980s Mattel toyline. At this stage, Wadlow, who wrote and directed Kick-Ass 2, does not have a deal to direct, although that remains a possibility down the road, sources tell The Hollywood Reporter. Columbia has been developing the project since 2009, piling writers on top of writers. The project even had Jon M. Chu on board to direct at one point. Escape Artists’ Todd Black, Jason Blumenthal and Steve Tisch are producing the project. Much speculation has been made about who will direct the movie and the studio has reportedly drawn up shortlists. But the script is still far from ready, hence Wadlow’s rewrite gig. The rewrite will dictate where the studio heads next but it does put Wadlow, who is also working on X-Force for Fox, in a good spot to be in the mix when the time comes. He is repped by WME and Hirsch Wallerstein.