The classic children’s tale centers on a woodcarver named Geppetto who carves a wooden puppet to life after longing for a son.
The boy, Pinocchio, must prove himself to be “brave, truthful and unselfish” if he is to become a “real boy.”
This is the latest Disney live-action adaptation after the movie conglomerate released last year’s Aladdin and The Lion King.
The studio also recently announced this year’s Mulan live-action film will debut on its streaming site Disney+ in September.
The Little Mermaid is another animated film getting remade into a live-action film starring Halle Bailey, Melissa McCarthy, Awkwafina, Jacob Tremblay and Daveed Diggs.
Disney fans can also look forward to a live-action Hercules coming to the big screen, according to The Hollywood Reporter.
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