The 29-year-old actor will re-team with his "Creed" director Ryan Coogler, who is helming the comic book, said The Hollywood Reporter.
Chadwick Boseman is playing the lead in the film, while Lupita Nyong'o is in negotiations to star alongside him.
The character to be played by Jordon is still unclear but according to the sources he might play the villain in the movie. Black Panther was introduced in "Captain America: Civil War".
The film has a February 16, 2018, release date, with production set to start in early 2017.