According to Variety magazine, Fallon will star with Sharon Stone in the independent drama. Patrick Sisam will also be making his directorial debut on the project.
The film follows the story of a man who is devoted to his work, but unable to commit to anything else in his life, including his girlfriend. When his father suffers a stroke, he must travel back to his home town and his dysfunctional past. Stone, 48, will play his mother.
Fallon, 32, has also signed a deal with Universal Pictures to co-write and star in a comedy. The actor will play a musician in that project.