The film starring Jon Hamm is the 20-year-old actor's first major role post "Pi", said the Hollywood Reporter.
The story of the film revolves around J B Bernstein, a real-life sports agent, who discovered professional pitchers Dinesh Patel and Rinku Singh through a reality show he staged in India by auditioning 40,000 cricket players.
Sharma will play one of the pitchers in the film.
"Lars and the Real Girl" director Craig Gillespie is set to direct the sports drama. Its screenplay is written by Tom McCarthy.
Shooting is scheduled to begin in May in India and then Atlanta.
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