The film which will reteam Angelina Jolie and Brad Pitt on the big screen will be called By The Sea.
Jolie will direct the drama for Universal Pictures, and the real life couple will produce the movie.
The pair last appeared onscreen together in 2005's Mr. & Mrs. Smith.
It is believed the new film will be shot on location on the Maltese islands of Malta and Gozo.
The actress/director confirmed the news on Friday (18Jul14), stating, "I am very happy to continue my relationship with the entire Universal team as I finish (current film project) Unbroken and begin work on By the Sea. They have created a very special place for storytellers, and I look forward to the continued passion and support they have provided to me as a filmmaker."
Jolie's Unbroken, which chronicles the life of Olympian and World War Two hero Louis Zamperini, will be released in December (14).