Wilmer Valderrama is attached to star in and executive produce a live-action “Zorro” series that is in development at Disney Branded Television.

In “Zorro,” Valderrama would star as Don Diego de la Vega and his swashbuckling alter ego, the masked horseman known as Zorro, in the days of Spanish California.

The show is a reimagining of the Disney-abc “Zorro” series starring Guy Williams that aired in the 1950s. That show also starred Gene Sheldon, George J. Lewis, and Henry Calvin. It aired for 78 episodes between 1957 and 1959, with four hour-long episodes airing in the early 1960s.

“We’re reimagining this Disney classic as a compelling period piece, set in Pueblo de Los Angeles, but told in a very modern telenovela style — with richly drawn contemporary characters and relationships set against the action, drama, suspense and humor of the original, iconic Zorro,” said Ayo Davis, president of Disney Branded Television. “Wilmer shares...