The "Departed" helmer, 73, is producing the drama, based on a pitch by Peter Glanz, who is also writing the script.
Glanz's credits include "The Longest Week", a comedy with Jason Bateman, reported Variety.
Janis was an American pianist who admired the work of Frederic Chopin, and who made a French film about him and even uncovered two of the composer's previously unknown manuscripts in the 1960s.
Janis, who is now 87, was selected by the US as the first American to be sent to the Soviet Union, in 1960.
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