Titled "Nicole", the film will also feature Bill Hader and Billy Eichner.
Screenwriter Marc Lawrence, who wrote Sandra Bullock- starrer "Miss Congeniality", is directing the movie from his script, according to the Hollywood Reporter.
The film is scheduled for release on November 8, 2019.
The story of the film revolves around Santa's daughter, Nicole, who is forced to take over the family business after her father retires and her brother develops cold feed before his first Christmas Eve flight.
MacLaine will play Elf Polly, the nanny who helped raise Nicole.
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