The Contraband star first announced the film in April 2011. The actor has since revealed that the project was quickly approved by Paramount.
"I remember going into Paramount and talking about it, and within five minutes they were like, 'We'll do it'," Wahlberg told Collider.
He went on to compare the project to a 1986 Tom Cruise film.
"It's more like The Colour of Money, that's kind of the best thing I can compare it to," he said. "I've gotta reluctantly mentor this kid [Bieber] but I'm really hustling him too. I don't know if you've ever seen him play basketball, but he's incredible."
Wahlberg recently said that making a film with Bieber was "intuitive", adding that the 'Mistletoe' singer has plenty of acting talent.