Director Michael Bay announced the young actress' casting on Twitter. The 18-year-old star will play the daughter of Mark Wahlberg's character in the film, reported Daily Express.
Before the helmer confirmed her attachment, Peltz had been rumored to join the fourth installment of the "Transformers" film franchise.
Peltz is best known for playing Katara in "The Last Airbender" and is currently starring on A&E's new series "Bates Motel".
Also joining the cast is Brenton Thwaites who will play Peltz's biker boyfriend. Thwaites is an Australian actor who soon will be seen starring opposite Angelina Jolie in "Maleficent".
The film which will also stars Jack Reynor is set to be released on June 27.