Helmed by Danish director Bille August, the film is an adaption of Erri De Luca's novel Tu, Mia, which is set in the years following World War II in Italy.
Franco is set to co-star alongside Tom Hollander and Daisy Jacob in the film, with filming set to kick off in September in Ischia, an Italian island in the Gulf of Naples, according to The Hollywood Reporter.
Franco released a statement, per Entertainment Weekly, expressing his excitement to be a part of the film, sharing, "I am excited to board this phenomenal project and to be working with the legendary Bille August. I'm a huge fan of his work, and Me, You is a truly brilliant script."
"Well, in 2018, there were some complaints about me and an article about me and at that moment I just thought, I'm gonna be quiet," he said. "I'm gonna pause. Did not seem like the right time to say anything. There were people that were upset with me and I needed to listen."
"So, I've just been doing a lot of work," he continued. "And I guess I'm pretty confident in saying like, four years, you know? And, I was in recovery before, you know, for substance abuse. And there were some issues that I had to deal with that were also related to addiction. And so I've really used my recovery background to kind of start examining this and changing who I was."