Timing of the projects will depend on how quickly Paramount can complete discussions with Reeves, producer J.J. Abrams and scribe Drew Goddard to scare up another monster tale for the Cloverfield sequel.
The Invisible Woman is a Hitchcock-style thriller that probes the mind of a former beauty queen who turns to a life of crime to protect her family. Reeves wrote the script and will produce with Abrams.
"Matt has created a truly original and compelling character and story," said GreeneStreet's John Penotti.
With a $25 million budget, a strong concept and cast of unknowns, Cloverfield scored a $46 million opening weekend, which was a record for a Martin Luther King Jr. holiday weekend.