E! News reported Thursday that the 47-year-old singer will have Anthony and his Magnus Media company develop and executive produce the new, Spanish-language album with Sony Music Latin.
"I am so excited and really looking forward to this new musical journey and to celebrate my Latin roots with Marc Anthony and the Sony/Magnus family," Lopez said in a statement.
"It is an honor to welcome Jennifer to the Magnus family," Anthony added. "She has had enormous accomplishments in her career and has been representing our culture all over the world from day one."
"Her artistry, professionalism and passion for music are just some of the many attributes that have earned her a unique place in the entertainment world that very few people have been able to obtain," he said. "I am looking forward to our creative collaboration and to be part of continuing her musical legacy."
Lopez and Anthony were married from 2004 to 2014 and share 8-year-old twins, daughter Emme and son Max. The family reunited at Anthony's concert at Radio City Music Hall in New York in August.
"#MiGente, thank you to the fans and @jlo for a wonderful concert. #AllAboutFamily backstage last night at @radiocitymusichall #ThePrivateCollection #Tour2016," Anthony captioned a photo with his family at the time.
Lopez will release a first single from the new album in November ahead of the record's release in 2017, according to Billboard. The singer released her debut Spanish-language album, Como Ama una Mujer, in 2007.