Liebesman, who will direct the film following Louis Letterier's decision not to return for the sequel, is perhaps best known for his horror prequel Texas Chainsaw Massacre: The Beginning.
"It's going to be a much more natural gritty, grounded fantasy movie," Liebesman explained to Coming Soon. "Just think Gladiator with lots of creatures.
"I'm excited," the director added. "It's a good opportunity to do something awesome with some great actors in a great genre."