Veteran actor Kabir Bedi has hailed filmmaker Shekhar Kapurs decision to direct the Bruce Lee biopic and said it will be a "great movie".

Kapur, who helmed the Oscar winning film "Elizabeth", will co-produce and direct "Little Dragon" — an authorised biopic of the martial arts legend and actor Bruce Lee.

"Now Shekhar Kapur is making the definitive biopic on Bruce Lee. Should be a great movie! What a story! Congrats, bro," Kabir posted on Twitter on Tuesday.

The story of the film will be a contemporary dramatisation of the 1950s Hong Kong social and political forces that shaped Bruce Lee into the most famous martial arts star and a significant modern day philosopher.