The feature film will be based on the autobiography "No Woman No Cry: My Life With Bob Marley," which was written by his widow Rita Marley.
The announcement was made Tuesday by Harvey Weinstein, co-chairman of The Weinstein Co.
"He was a profound musical prophet, whose voice and words inspired generations across the world. We hope this film will resonate across all classes and creeds," Weinstein said in a statement.
"Our lives began in a government yard in Trenchtown with hopes of reaching the world through music and through our dreams. I wrote my book to tell my story -- of the dreams we shared and those days we spent living and believing in our hope," Rita Marley added. "I saw it and now we get to tell it through our movie. I've waited a long time to tell this story, about growing up in Jamaica and meeting Bob and making our music and falling in love and making our family. All that, and all that we went through went into this."