UPDATE: Relativity Media has confirmed the deal, and they’ve retitled the script Out of the Furnace.

EXCLUSIVE: Relativity Media is making a deal with Crazy Heart director Scott Cooper to rewrite and direct The Low Dweller, one of the hottest spec scripts of 2008 that saw Relativity Media beat out four studios to pay $650,000 against $1.1 million to scribe Brad Ingelsby, who was at the time living with his parents in Pennsylvania and working for his dad’s insurance business. That deal came with an attachment from Leonardo DiCaprio to star and Ridley Scott to direct. DiCaprio is no longer starring but still producing with his Appian Way partner Jennifer Davisson Killoran, Scott with Tony Scott and Michael Costigan through Scott Free, and Energy Entertainment’s Brooklyn Weaver.

The Low Dweller is a dark drama set in 1986 Indiana. The protagonist is Slim, a man released after serving years in prison for murder who wants only to follow through on his promise to marry his long-suffering girlfriend. But when he discovers his brother has been murdered after getting involved in a gambling racket, his goals change and he avenges the murder.

The script has a No Country for Old Men spare vibe to it, and it will be interesting to see how Cooper handles the material.