Riseborough, 33, best known for her roles in "Birdman" and "Oblivion", is in talks with Relativity Studios for the role, reported Deadline.
"Boardwalk Empire" actor Jack Huston has been cast in the lead role of Draven, who is brought to life by supernatural bird crow to avenge the killings.
The comics creator James O'Barr, whose book inspired the original film, said in March that reboot had cast "Downton Abbey" star Jessica Brown Findlay had landed the role of Draven's fiancee, Shelly.