The pic is currently untitled with Allen writing, producing and directing. Story details are also being kept under wraps.
Deadline Hollywood was the first to report the news.
Sources say Stone will likely be a part of a large ensemble which is currently casting with production set to start this summer in Spain.
Stone’s slate of upcoming projects includes the comedy “Birdman,” which is currently filming, the untitled Cameron Crowe pic with Bradley Cooper and Rachel McAdams and the Legendary horror pic “Crimson Peak.”
She is repped by WME and Anonymous Content.