The musical will chronicle the lives of his parents, his early education at the Peking Opera School and his rise to stardom through music, the Hollywood Reporter said.
"We are looking for a director for the musical right now. It's all very exciting," he told reporters at a press conference at the Hong Kong Economic and Trade Office in New York.
The press conference was part of Chan's two-day swing through New York, which also included a Lincoln Center reception celebrating Hong Kong Cinema on June 10, at which Chan was a guest of honour.
Chan is also working on the follow-up to his 1998 autobiography, which is tentatively titled 'I Am Still Jackie Chan'.
"The original book was 15 years ago, and my career has been very very exciting and interesting since then," he said.