Matthew Vaughn is producing the film, which just began production in the Alps, reported Deadline.
Taron Egerton will play Michael Edwards, who rose to fame as the very-last-place finisher in two events at the 1988 Winter Olympics in Calgary, but left as a scene-stealing poster boy for never-say-die underdogs everywhere.
Jackman will play his coach. The film is being directed by Dexter Fletcher from a script by Sean Macaulay.
Jackman, 46, tweeted, "On the set of #EddieTheEagle with Dexter Fletcher and Matthew Vaughn.
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