Julius Onah is directing the film with Abrams producing through his Bad Robot banner.
Originally set up at Paramount InSurge before its shuttering, the long-in-development movie takes place in the near future. It centers on a team of astronauts who make a terrifying discovery that challenges everything they know about the fabric of reality, as they desperately fight for survival.
Krasinski would play one of the astronauts.
The film will hit theaters on Feb. 24, 2017, with production scheduled to start sometime in the next few months.
Best known for his comedic skills on the long-running NBC sitcom “The Office,” Krasinski recently starred in Michael Bay’s Benghazi actioner “13 Hours.”
Krasinski directed and starred alongside Anna Kendrick and Mary Elizabeth Winstead in the Sundance Film Festival pic “Hollars,” which was picked up by Sony Pictures Classics. He also has the animated movie “Animal Crackers” in development and is currently in “Dry Powder” at the Public Theater.
He is repped by WME, and Schreck, Rose, Dapello and Adams.