The film, from Oscar-nominated documentary filmmaker Joe Berlinger will be told from the perspective of Bundy's longtime girlfriend Elizabeth Kloepfer who turned him in to police, according to The Hollywood Reporter.
The screenplay by Michael Werwie won the Nicholl Fellowship first prize. Producers include Nicolas Chartier, Ara Keshishian and Michael Costigan. Efron's Ninjas Runnin' Wild banner will also produce alongside Michael Simkin and Jason Barrett.
"I have been trying to work with Zac Efron for a long time," Chartier said while speaking with Variety. "From his dramatic turn in 'Paperboy' to his hilarious performance in Neighbors, he continues to impress audiences and critics alike with his extraordinary versatility and range. We couldn't be more excited to see him in this amazing role."
Production is set to begin on October 9. Bundy, who raped and murdered over 30 young girls and women, was executed in Florida in 1989.
Efron can next be seen in Baywatch alongside Dwayne Johnson when it hits theaters on May 25.