The Aussie stars will play themselves in the movie slated to be shot in Australia in January during the India-Australia Test series.
"I am excited to be making my Bollywood debut in Victory and I'm hopeful that playing the role of a cricketer will come naturally to me," Lee said was quoted as saying by the 'Herald Sun'.
Anupam Sharma, producer of he film, said as many as 25 well-known local and international cricketers would play themselves in the movie.
"They are all playing themselves," he said.
"With Australia as the backdrop and our cricketers as stars, Sharma expects Victory to find a big audience here when it is released at the end of next year," Lee said.
The 31-year-old had earlier this year released 'You're The One For Me', a duet with star singer Asha Bhosle.