The 37-year-old 'National Treasure' star is working with Wu to create the luxe designer item, reported E! Online.
"I'm actually about to create a new handbag with Jason Wu. It will be called the Diane," the actress said.
Kruger is currently shooting with German photographer Peter Lindbergh.
"I'm shooting the new Chanel campaign this weekend here in Los Angeles with Peter Lindbergh," she said.