The studio made the announcement on Friday [11].
Steven Spielberg will produce the 3D spectacle and the director is yet to be unveiled.
Spielberg and IMAX announced earlier in the week that a remastered version of Jurassic Park will play for one week in April.
Madrid authorities are backing the film, which has provisional title of WASP 2026.
Filmmakers Tomomi Takashima and Daniel Toivonen highlighted extended script development time and different working hours as the main challenges.
Japanese producer Shinya Kawai also has a co-production with Italy in the pipeline.
Production is set to commence in Los Angeles in October.
Marshall made a string of hits in the eighties and nineties, including A League Of Their Own.
Screen speaks to up-and-coming producers from Serbia, Greece, Georgia, Turkey and Bulgaria.
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