Quvenzhane Wallis and Jamie Foxx are also on board to star with Will Gluck directing. TheWrap broke the news.
Based on the Broadway musical, pic will be set in modern times and follow the adventures of little orphan Annie as she tries to find a family to call her own.
Bullock had originally passed on the part to play the head of the orphanage that Carol Burnett played in the original. The studio did look at other actresses including Kristen Wiig but eventually came back to Bullock who decided to reconsider.
Bullock is repped by CAA and can be seen next in the Fox pic “The Heat” with Melissa McCarthy.