Yes there is a new adaption on its way, and the first poster has been unveiled!
The Jungle Book is based on the original story by Rudyard Kipling and inspired by Disney's 1967 animated adaptation and will follow similarly along the same lines.
Baloo: What do they call you? Bagheera: His name is Mowgli, and I'm taking him back to the man village. Baloo: Man village? They'll ruin him. They'll make a man out of him.
[singing] Father's hunting in the forest / Mother's cooking in the home / I must go to fetch the water / 'Til the day that I'm grown /'Til I'm grown, 'til I'm grown / I must go to fetch the water/ 'Til the day that I'm grown / Then I will have a handsome husband / And a daughter of my own / And I'll send her to fetch the water / I'll be cooking in the home / Then I'll send her to fetch the water / I'll be cooking in the home