The movie, which will mark Jordon's third collaboration with Coogler after "Fruitvale Station" and "Creed", will reportedly see Jordon in the role of a villain.
Coogler is both helming the comic book movie and writing the script with Joe Robert Cole, according to The Hollywood Reporter.
Chadwick Boseman is in the lead while Oscar-winner Lupita Nyong'o is in negotiations to star alongside him.
Boseman and "Black Panther" were introduced in "Captain America: Civil War". The lead character, whose name is T'Challa, is the warrior king of Wakanda, Marvel's fictional African nation that is rich in an unbreakable alloy called vibranium.
Jordon is currently involved with the remake of "The Thomas Crown Affair" as an actor.