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Just saw this at Variety:

Alex Proyas is finding “Paradise Lost” for Legendary Pictures, signing to direct an adaptation of the epic 17th-century English poem by John Milton.
Alex Proyas, who has done several things of not much interest to me but who also directed both The Crow, the excellent adaptation of J O’Barr’s comic, and Dark City, which remains one of my favorite sci-fi films (and features the marvelous Rufus Sewell).
(Gratuitous Rufus Sewell image:
I have no idea how he will handle something like Paradise Lost, but I will definitely be there to see it.