The film tells the story of Tom Sherbourne and his wife Isabel where they live on a remote island in Western Australia, post-World War I, reported Digital Spy.
After discovering a shipwrecked boat where they find a dead man and a baby girl, the couple make the ill-fated decision to raise the baby as their own.
Rachel Weisz also stars as the baby girl's birth mother.
"The Place Beyond the Pines" director Derek Cianfrance has signed on to helm the film, based on the bestselling novel by ML Stedman.