Stacey Sher and Pilar Savone will produce the film.
Daily Variety said Tarantino hasn't made any casting decisions and no release date has been set for the movie.
Producer brothers Bob and Harvey Weinstein, through their former independent film studio Miramax, released Tarantino's 1994 movie "Pulp Fiction," which grossed more than $200 million worldwide.
The Weinsteins have also worked with Tarantino through their various production companies on his films "Inglourious Basterds," "Grindhouse," "Kill Bill," "Four Rooms," "From Dusk Till Dawn" and "Reservoir Dogs."
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