Beckinsale, 41, has starred in the past four parts of the successful action-horror franchise, according to The Hollywood Reporter.
Anna Foerster has signed on to direct the upcoming film. Foester will be the first woman to direct a film in the "Underworld" franchise. She is best known for her work on "White House Down" and "The Day After Tomorrow" as the director of photography, although she had worked in different cinematographic capacities on such films as "10,000 BC", "Aeon Flux" and "2012".