The live action Disney movie, scripted by Justin Marks, is currently in production and scheduled for an October 9, 2015 release, reported E! online.
Ben Kingsley is to provide the voice of panther Bagheera, Lupita Nyongo will play Raksha the wolf and Christopher Walken will voice orangutang King Louie.
Idris Elba has signed up to play tiger Shere Khan, Scarlett Johansson is confirmed to star as Kaa the python and Bill Murray will play the bear Baloo.
Newcomer Neel Sethi will star as Mowgli and animal roles will be created using a combination of live footage and computer effects.
The studio recently decided to push back the release of 'Jungle Book: Origins' - starring Christian Bale, Cate Blanchett, Naomie Harris and Benedict Cumberbatch - by a year.
The project, directed by Andy Serkis, will now hit screens on October 6, 2017.