Dan Trachtenberg, the director of Prey, Predator: Badlands, and 10 Cloverfield Lane, has signed a three-year first-look directing and producing deal with Paramount Pictures.

In the deal, Trachtenberg will soon develop, direct, and produce film projects for the studio alongside his longtime producing partner Ben Rosenblatt. It marks a return to Paramount for Trachtenberg, who made his feature film debut at...