The 39-year-old actor will voice the titular character, which was famously portrayed by Jim Carrey in the 2000 live-action adaptation, reported Ace Showbiz.
Illumination chairman Chris Meledandri, who will also produce the new "Grinch" movie, said that Cumberbatch had a voice that exudes "comedic wickedness while embodying vulnerability."
He previously lent his voice to both Smaug the Dragon and the Necromancer in "The Hobbit" movies.
The film is set for release on November 10, 2017.
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