Kudrow is best-known for her work on TV's "Mad About You" and "Friends," and in the films "P.S., I Love You" and "Hanging Up."
Aiken, 18, has starred in the movies "Lemony Snicket's A Series of Unfortunate Events," "I Dreamed of Africa" and "Stepmom."
The high school-set film was written by Josh Cagan and Todd Graff.
Graff is planning to direct it, the trade paper said.
Exploding whale video goes viral on Internet
Jordana Brewster on Paul Walker: 'He was an enormous presence in my life'