The film will focus on the tumultuous relationship between band members Mick Jagger and Keith Richards as they recorded The Rolling Stones' 1972 double album, 'Exile on Main Street', reported Contactmusic.
It will be made by Richard Branson's Virgin Produced and be based on Robert Greenfield's 2008 book 'Exile on Main Street: A Season in Hell'.
Brandon and Phil Murphy, who are currently working on a Steve McQueen project for Sony, will write the screenplay while Jason Felts will serve as producer.
Casting has not yet begun on the film.
A documentary on the band, which traces their history from their formation in 1962 to the current day, has already been made to celebrate their 50th anniversary.
"For anyone who wants to experience the band, this is the film that will defy convention and create a sonic tapestry to transport viewers into the world of the Rolling Stones. The film will deliver the original, bold, sexy and dangerous flavour of the iconic rock band," director Brett Morgen said. PTI JCH