The 47-year-old "Saturday Night Live" alum, whose career took a set back following his serious 2014 limo crash, will play an ex-con, who is released from prison after 15 years and tries to get his life back on track, reported Us magazine.
"What an unbeatable combination - Tracy Morgan and Jordan Peele - two exceptional comics joining forces with a great team of writers and producers to create and produce this pilot for FX Networks.
"We've been committed to Tracy from the start and are thrilled that Jordan, John, Eric and Joel are joining him in developing this new project," said network executive Nick Grad in a statement.
Morgan, Peele and Carcieri are executive producing with "Two and a Half Men" producer Eric Tannenbaum and "Key and Peele" producer Joel Zadak.
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