Gordon-Levitt and Rogen, who played buddies in the 2011 film '50/50', are slated to play the role of two of the three friends, said The Hollywood Reporter.
The film is about three childhood friends who meet in New York city for their tradition of going out on Christmas Eve.
'50/50' producers and financiers Joe Drake and Nathan Kahane are also a part of the upcoming project.
Comedy-drama film '50/50' had made USD 39 million in the box-office and had received best picture nomination at 69th Golden Globe awards.