Sandra Bullock, Ryan Reynolds reteam

The creative team behind "The Proposal" -- stars Sandra Bullock and Ryan Reynolds, director Anne Fletcher, writer Pete Chiarelli and producers David Hoberman and Todd Lieberman -- are reuniting for "Most Wanted," an action comedy project that sold to Universal over the weekend.

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The story sees Bullock as a criminal suspect with Reynolds as an FBI agent who is supposed to be escorting her to court when the two are ambushed and forced to go on the run. The project is described as having a tone similar to that of "Midnight Run," Universal's 1988 action comedy starring Robert De Niro and Charles Grodin. Universal is developing a sequel to "Midnight Run."

The pitch originally went into Disney, the company that made "Proposal," the hit romantic comedy made via its Touchstone label that grossed more than $317 million and was part of Bullock's comeback year. Since the movie's June 2009 release, however, Disney has undergone a regime change and the company is de-emphasizing Touchstone, preferring to focus on the core Disney brand and hoping to make movies that can be taken advantage by the wide spectrum of the company.

When Disney passed, the team took a breather before taking it to the rest of the town. By late last week, the project was fielding multiple offers before being captures by Universal.

Reynolds will also exec produce along with this Dark Trick Films partner Jonathon Komack-Martin.

Chiarelli is a former MGM exec who in his spare time wrote "The Proposal." The script has kicked off a writing career, with the scribe working on "What Men Want" for Paramount and "Forever 21" at DreamWorks. He is repped by CAA and Mosaic.

Fletcher, who is developing "Enchanted 2" for Disney, is repped by UTA.

Bullock and Reynolds are repped by CAA.