The actor will share the screen with Harrison Ford, Rachel McAdams, Diane Keaton and Jeff Goldblum.
The script was written by Aline Brosh McKenna. It starts shooting in New York next month and will be helmed by Roger Michell.
The film focuses on a pair of news anchors (Ford and Keaton) that work for a morning show that's having a tough time. Rachel McAdams plays a news producer who tries to get them under control and boost ratings. Wilson plays McAdams boyfriend.
J.J. Abrams and Bryan Burk will be producing through their Bad Robot production company.