The show will see Hiddleston reprising his Avengers and Thor movie role of the mischievous god Loki.
It is one of several Avengers spinoff series the streaming service is working on, including WandaVision, What If? and The Falcon and the Winter Soldier.
Wilson is a frequent collaborator of filmmaker Wes Anderson, co-starring in Fantastic Mr. Fox, The Darjeeling Limited, The Life Aquatic with Steve Zissou and Bottle Rocket. His other credits include Midnight in Paris, Wedding Crashers, Zoolander and the Night at the Museum franchise.