The film, which also star Dane DeHaan and Clive Owen is being adapted from the sci-fi graphic novel of the same name and explores the concept of time travel, reported E! online.
French filmmaker Luc Besson, who will be helming the project, broke the news on Instagram.
"RIHANNA is in VALERIAN!.... And she has a big part!I'm so excited!," he posted along with a picture of the 27-year-old songtress.
The film is set for July, 2017 release.