The model will reprise the role played by Pamela Anderson in the series about California lifeguards, said The Hollywood Reporter.
The movie adaptation also stars Dwayne Johnson and Zac Efron.
Seth Gordon is helming the project from the latest draft written by Damian Shannon and Mark Swift.
The movie centres on the leader of an elite group of lifeguards (Johnson) who is forced to team up with a young hotshot former Olympian (Efron) in order to save the beloved bay.