The 53-year-old actor will produce the film with Michael Bostick, reported Variety.
The project is based on a script by Lisa Addario and Joe Syracuse's team.
The story line is being kept under wraps.
Bullock has earlier featured in Warner Bros' films such as "Gravity" and "Miss Congeniality".
The Oscar-winning actor will be seen in the studio's next release as part of the ensemble cast of "Ocean's Eight".
Disclaimer: No Business Standard Journalist was involved in creation of this content