The biopic will not delve into those years or attempt to encompass an entire life.
Born Terry Gene Bollea, Hogan began his career in the late 1970s in the Florida fighting circuit and when he started in the WWF frequently squared off against Andre the Giant as a villainous fighter.
But he was able to transcend his "Hulkamania" fan base to become a celebrity outside the wrestling world, appearing in numerous movies and television shows, including a reality show about his life on VH1, Hogan Knows Best.
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Hulk Hogan, AKA Terry Gene Bollea, has spent nearly three decades bodying wrestlers and media empires, maintaining a moustache so thick and luscious that it'd make a toilet brush blush, and telling kids to take their vitamins and say their prayers while secretly indulging in a (now under control) cocaine addiction.
The film will not focus on Hogan's personal conflicts or recent scandals, such as the $10 million sex tape lawsuit that precipitated the end of Gawker, The Hollywood Reporter said.
Check out Evans tweet, reacting to the original story of Hemsworth being cast as Hulk Hogan, below!
It is being produced by Hemsworth and Phillips themselves, along with actor Bradley Cooper, veteran film producer Michael Sugar, and longtime Hogan friend Eric Bischoff also acting as producers.