The original film was released in 1984 and starred Steve Martin and Lily Tomlin.
According to Variety, the new film will be directed by Adam Shankman, who will be working with Latifah for the third time. The two previously worked together on the films Bringing Down the House and Hairspray.
All of Me is the story of a dying heiress whose soul inhabits the body of an attorney. No date has been announced for the start of filming.