The "Fresh Off the Boat" colleagues wrote the script for the currently untitled film with Michael Golamco, reported Deadline.
The movie will follow two childhood friends who find themselves in two very different socioeconomic situations when they later fall in love as adults.
The project has yet to sign a director.
Wong was most recently seen on ABC's "American Housewife" and in an indie film "The Hero", starring Sam Elliott.
While, Park is set to appear in a sequel to Marvels "Ant-Man and the Wasp".