Peter Hedges is directing the film for Touchstone Pictures, The Hollywood Reporter said.
Carell will portray a widower with three daughters who writes a parenting advice column and falls in love with the girlfriend of his younger brother, The Reporter said. Binoche will be the girlfriend while Dane Cook has been cast to play Carell's brother.
Filming is to start in October.
Notable deaths of 2014 [PHOTOS]
Kelly Ripa's penthouse sells for $20M