It marks the first time the duo has appeared onscreen together since 2005’s “Mr. and Mrs. Smith.”
Jolie and Pitt will also produce the project, which is said to focus on a couple’s relationship.
“I am very happy to continue my relationship with Donna and the entire Universal team as I finish “Unbroken” and begin work on “By The Sea,” Jolie said. “They have created a very special place for storytellers, and I look forward to the continued passion and support they have provided to me as a filmmaker.”
Jolie is currently in post-production on “Unbroken,” an epic drama directed and produced by Jolie based on the true story of Olympian and war hero Louis Zamperini and adapted from author Laura Hillenbrand’s bestseller. Universal will release Unbroken on Christmas Day, 2014.
She is repped by UTA and Media Talent Group and Pitt is repped by CAA and Brillstein Entertainment.