A little over a month ago, we reported that Gerard Butler would be starring as Bodhi in Ericson Core's Point Break remake, and now it looks as if Luke Bracey (G.I. Joe: Retaliation) will co-star as Johnny Utah.  Previously played by Keanu Reeves in the 1991 original, Utah is a young FBI agent who goes undercover to infiltrate a criminal gang in the world of international extreme sports.  As previously reported, Butler's Bodhi - previously played by Patrick Swayze - is “an expert extreme sports athlete who also seeks to find nirvana through the conquest of a series of athletic feats such as surfing 100-waves. He saves Johnny Utah, the undercover FBI agent, and brings him into the fold of international criminals."  Production on the remake is set to begin early this summer.  Hit the jump for all the details.

Here's the press release announcing Bracey co-starring in Point Break:

LUKE BRACEY TO COSTAR WITH GERARD BUTLER IN ALCON ENTERTAINMENT’S REBOOT OF CLASSIC ACTION THRILLER ‘POINT BREAK’

LOS ANGELES, CA., FEBRUARY 24, 2014 — Luke Bracey will join Gerard Butler in Alcon Entertainment’s remake of the classic 1991 action-thriller POINT BREAK, it was announced by Alcon co-founders and co-CEOs Andrew Kosove and Broderick Johnson.

Bracey will play the role of Johnny Utah, a young FBI agent who goes undercover to infiltrate a criminal gang in the world of international extreme sports. Ericson Core (“Invincible”) is directing Kurt Wimmer’s (“Salt,” “Law Abiding Citizen,” “Total Recall”) screenplay.

Alcon’s Kosove and Johnson secured rights to the project from RGM Media, John McMurrick and Chris Taylor. Kosove and Johnson will produce along with John Baldecchi, Taylor and Kurt Wimmer. RGM Media principal Devesh Chetty and investor John McMurrick, Chairman of Marloss Entertainment, will serve as Executive Producers.

Bracey most recently co-starred in “G.I. Joe: Retaliation.” He will next be seen in the upcoming Nicholas Sparks adaptation “The Best of Me” starring Michelle Monaghan and James Marsden for Relativity.

At the most recent American Film Market, “Point Break” was an international success story, quickly selling out all rights worldwide, with many foreign distributors returning time and again with numerous counter bids. The film will be released domestically via Warner Bros through Alcon’s long-term distribution pact. Principal photography is set to begin early this summer.