The Horrible Bosses director is attached to take charge of New Line Cinema's new comedy, reports Variety.
The film is based on the script by Max Werner, whose next project is the Halloween comedy release Fun Size.
Gordon is currently prepping for Universal Pictures' crime comedy Identity Thief, which stars Jason Bateman and Melissa McCarthy and will be released on May 10, 2013.
Details of The Has-Beens are currently being kept under wraps.
Fun Size centres around a girl who loses her brother on Halloween, and will also mark the feature film directorial debut of The O.C. and Chuck creator Josh Schwartz.
Gordon has previously worked on Four Christmases and documentary The King of Kong.
> 'Horrible Bosses 2' announced with original creative team
Watch a trailer for Horrible Bosses below: