MediaPro general manager Jaume Roures said that his company had signed a deal with Allen to back an as-yet unscripted film by the director set in Barcelona.
"We signed a contract in which Woody Allen commits to shooting a film in Barcelona, during the first semester of 2007 at the latest," Roures told the Catalunya Radio station.
The untitled film will include Spanish actors in the cast, he added.
Allen - long rumoured to be considering a Spain-set film with his former distributor here, Antonio Llorens of Lauren Films - was in Spain last week on tour with his jazz band.
The director is popular in Spain, although not all his films have performed as strongly as his latest.
Released by new heavyweight On Pictures, Match Point is still in the local top 10 after seven weeks out and more than Euros 6.7m grossed. Producer and services provider MediaPro, also a partner in a new television channel to launch next year in Spain, boasts a long list of film credits, including Oliver Stone's Comandante, Fernando Leon's Princesses (Princesas), Leon's Mondays In The Sun (Los Lunes Al Sol) and in-production biopic Salvador starring Daniel Bruehl.