Jones will play the balloon pilot Amelia, and Redmayne as the scientist James, together will chronicle the 1862 journey to discover the secrets of the heavens on a hot air balloon. They made breathtaking discoveries, but as they ascended to the highest points of the atmosphere, they were forced into an epic fight for survival.
The script is being penned by Jack Thorne, who wrote the play for West End production "Harry Potter and the Cursed Child", which was adapted from the J.K. Rowling story.
It's written by Jack Thorne, who's responsible for a lot of brilliant things at the moment, including Harry Potter and the Cursed Child, now playing in the West End and on Broadway, and new musical drama The Eddy from La La Land director Damien Chazelle.
The film will be helmed by young British director Tom Harper, whose previous work includes hit TV shows "Peaky Blinders" and the BBC adaptation of "War & Peace".
Jones received an Academy Award nomination for her role as Jane Hawking in 'The Theory of Everything.' She recently starred in 'Star Wars: Rogue One'. Deadline says that they will start filming in London early next spring.
Redmayne is repped by CAA and United Agents.