Oyelowo's voice casting was a direct invitation from the Fleming estate, and the 39-year-old actor said he was "very honoured" to be chosen for the same, said the Hollywood Reporter.
"I am officially the only person on planet Earth who can legitimately say: 'I am the new James Bond' - even saying that name is the cinematic equivalent of doing the 'to be or not to be' speech," he said.
"I was asked specifically by the Fleming estate, which is really special," he added.
Craig is set to play the iconic MI6 spy one more time after Spectre, which hits theaters on November 6.