"I pitched a show to Netflix and they bought it," Lynch told reporters backstage at the Microsoft Theater in Los Angeles.
"We're our age, I'm almost 60 and she's 65, and we're looking for our next act without ever having had husbands or children. There will be two other people who haven't been cast yet. It's kind of a Golden Girls for today," she continued about the show.
Writer and comedian Carol Leifer (Seinfeld) posted on Facebook in July that she was writing a new half-hour comedy project with Lynch and Lauper.
"A writer's dream to work with these two LEGENDS. Can't wait to see where we land," Leifer wrote at the time.
Lynch is best known for starring on Glee along with Party Down and Two and a Half Men. Lauper has had guest appearances on Mad About You, Bones and the new Magnum P.I.