This movie will mark 41-year-old Wright's first animation venture.
He will co-write the DreamWorks Animation project with David Walliams, said The Hollywood Reporter.
"Edgar will spearhead a new approach to this fascinating concept and we're ecstatic to have him on board as director along with David as co-writer," said a statement from DreamWorks Animation's co-presidents of feature animation Bonnie Arnold and Mireille Soria.
"We've always been intrigued by a film concept involving shadows, and now with Edgar's signature comedic style and abilities as a natural storyteller, audiences will be treated to a truly captivating and energetic tale."
Also Read
But it was taken off the calendar in 2013. Wright's new film will replace "Me and My Shadow".
Wright will next helm "Baby Driver" with Ansel Elgort and Lily James.
He is also attached to a project with Johnny Depp, based on "Fortunately, the Milk", a Neil Gaiman novel.