The American studio made the announcement on Friday via a statement, adding that the movie will be shot in Miami and Savannah.
"Baywatch" iS the film version of the popular 1990s TV series of the same name. And Priyanka, who has garnered success on the international fiction TV space with "Quantico", will be seen in a negative role in the movie.
The film has an eclectic star cast with names like Dwayne Johnson and Zac Efron.
"Horrible Bosses" fame director Seth Gordon is directing the film from a screenplay written by Damian Shannon, Mark Swift and Barry Schwartz.
Beau Flynn, Ivan Reitman, Michael Berk, Doug Schwartz and Greg Bonann, creators of the iconic "Baywatch" television series, are producing the venture.
"Baywatch" follows devoted lifeguard Mitch Buchannon (Johnson) as he headbutts with a brash new recruit (Efron). Together, they uncover a local criminal plot that threatens the future of the Bay. And Priyanka is on board to play the bad guy in the film.
The film will be released in India by Viacom18 Motion Pictures.
