The 40-year-old actor is partnering with "The Hangover director" Todd Phillips and "The Departed" producer Graham King to turn the 1989 Hugo Award-winning novel into a series for Syfy, reported Los Angeles Times.
"Hyperion" follows seven travellers seeking to answer some of the universe's greatest questions while a warring galaxy teeters on Armageddon.
Cooper announced the Syfy partnership, saying: "It is an absolute honour to enter into the world created by Dan Simmons that is arguably one of the greatest works of science fiction, and help realise it for television audiences."
"Epitomising the gold standard of science-fiction storytelling, Hyperion tackles smart and provocative themes that help define Syfy's development vision."
Cooper, Phillips and King will serve as executive producers for this "Hyperion" television series.
Cooper is also producing - and will make guest appearances in - a television spin-off of his sci-fi film "Limitless", premiering on September 22 on CBS.