The 61-year-old actor will feature in the film adaptation of Fredrik Backman's 2012 debut novel of the same name, reported Variety.
Rita Wilson will produce along with Fredrik Wikstrom Nicastro for his Nordic major SF Studios.
Talking about the film, Wilson said, "This story about love, tolerance and hope amplifies the qualities in movies that are hallmarks of the classic films we know and love.
"'A Man Called Ove' transcended the language barrier to touch readers and audiences in ways we long for. What an honour to be part of such beautiful material."
Hanks will also serve as producer, along with his producing partner Gary Goetzman through their Playtone production house.
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