The untitled sitcom will star Tony Danza, best known for appearing in ABC's Taxi and Who's the Boss?
© PA Images
© WENN
Based on an idea by Danza, the show will focus on three old friends who have drifted apart, reports Deadline.
Determined to start over in life, the three men - all grandfathers - move into a bachelor pad.
"It's intended to be a funny and honest comedy about getting older, generational differences, and the message that it's never too late to start a new chapter in life," said 61-year-old Danza.
A search is currently ongoing for a writer, while Danza will executive produce alongside Vaughn.
The Dilemma star Vaughn is also developing a new television drama about global private security operatives with Boardwalk Empire's Lawrence Konner.
> Vince Vaughn for Rockford Files big-screen remake?
