The 22-year-old Burberry model will join Shailene Woodley and Theo James in 'Insurgent', reported Contactmusic.
The sequel, which is set for release next year in March, will also feature returning castmates Miles Teller, Ansel Elgort, Kate Winslet, Jai Courtney, Zoe Kravitz, and Octavia Spencer.
Waterhouse will play Marlene, a member of the Dauntless faction, in the latest adaptation of Veronica Roth's popular young adult novels.