According to this site. Penn is set to star in a new indie movie called MESKADA. More information is below:

Starring Penn Badgley (”Gossip Girl”) Kellan Lutz (”Twilight”) Vincent D’Onofrio (”Law and Order” “Brooklyn’s Finest”) Cynthia Nixon (”Sex and the City”) and Mary-Kate Olsen (”The Wackness”), Meskada tells the story of small-town detective, Noah Cordin, as he attempts to solve a juvenile homicide that occurred during a home burglary in his affluent town of Hilliard. The dead boy’s mother, Allison Connor, is a member of the Meskada County Board of Commissioners, and a powerful woman in Hilliard; and the entire township rallies together in solidarity – to support her and Detective Cordin’s efforts to find the killers.

Unfortunately, the burglars left no clues or leads at the crime scene – except for a tiny scrap of paper, which vaguely points Noah and county detective Leslie Spencer in the direction of Noah’s OWN hometown of Caswell. Noah and Leslie return to Caswell, where Noah re-connects with his old friends and roots, troubled at how economically downtrodden Caswell has become. Noah’s investigation into the Connor homicide starts off respectfully, as he enlists the help of his old friends Daniel Hartfield, a cop in Caswell, and Billy Burns, a local bar owner.

However, as Noah fails to extract a suspect, tensions rise feverishly between Hilliard and Caswell. The Meskada County Board of Commissioners threatens to derail a newly-planned manufacturing plant from setting up in Caswell, which would bring CRUCIALLY needed jobs into their local economy. Shocked by the threatened sabotage, Daniel, Billy, and all of Caswell begin their own investigation into their town – to reveal the killers and put their manufacturing plant back on track. And through all of this, Noah’s loyalties are torn between his past and his present…until the Connor murder investigation comes to a shocking climax.

MESKADA is joins KNUCKLEHEAD as the second feature in production for Aliquot Films, an NYC independent film fund and production company founded by Jay Kubassek.

I wonder if Penn is playing the role of Noah? But also, this must be the film Penn was reffering to at the Upfronts? Hopefully there’s more information coming soon. We’ll keep you posted.