The film is being directed by Jon Favreau, and is the next in a series of films that will bring a fresh, live action take to one of their classics. Favreau recently worked on the Oscar Nominated hit "The Jungle Book", using groundbreaking technology bring the story to photorealistic life.
Favreau took to social media, posting a photo of Jones, commenting "Looking forward to working with this legend" and posted a photo of Glover with the caption, "I just can't wait to be king."
Other live action versions of their films include "Cinderella", "Beauty and the Beast" and "Maleficent".
No release date for the film has been announced.