TBS announced the comedy anthology series from executive producers Lorne Michaels and Simon Rich, who will also work as showrunner, reported Entertainment Weekly.
Radcliffe will star as Craig, "a low-level angel responsible for handling all of humanity's prayers".
Besides the 27-year-old actor, Owen Wilson will also lead the cast as Craig's boss, God.
"Having Daniel Radcliffe and Owen Wilson join the TBS family is proof of the continued evolution of this comedy brand as the home of the most creative minds in the business," said Brett Weitz, executive vice president of original programming for TBS.
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