The 57-year-old actor is also serving as the executive producer of the series reboot with Andrew Miller penning the adaptation, reported Aceshowbiz.
Bacon posted a throwback photo on Twitter of him and his wife Kyra Sedgwick on the set of 1990's "Tremors" breaking the news of him joining the TV adaptation.
"Me and @kyrasedgwick 9 months pregnant 26 years ago on the #Tremors set. Might be time to head back to Perfection," he captioned the picture.
The movie was followed by a TV spin-off called "Tremors: The Series" starring Michael Gross which aired for one season in 2003.