Caine will play a down-on-his-luck butler in 'Harry and The Butler' with Samuel L Jackson in director George C Wolfe's film.
Philippe Rivier of Spirit Films and Colin Callender of Playground Entertainment are producing the dramedy, said the Hollywood Reporter.
The story is about a derelict roller-coaster mechanic mechanic and one-time jazz virtuoso, who lives in a train caboose.
When he inherits a large sum of money, he drunkenly to hire a down-on-his-luck British butler, played by Caine.
The film is loosely based on the 1962 Danish film 'Harry og Kammertjeneren'.