From The Book Standard:
Will Ferrell and Adam McKay's Gary Sanchez Prods. has bought the film rights to Frank Portman's debut novel, King Dork, as part of their overall first-look deal with Paramount Vantage.
*Yes, I know that just because his production company has the rights doesn't mean he'll actually be in it. But that whole Frat Pack crew does seem to enjoy the occasional cameo.