Entitled "Get It While You Can," the biographical film will be directed by Jean-Marc Vallee ("Dallas Buyers Club"), according to Deadline.com.
Filming is scheduled to begin in mid-2015. Craig Borten and Melissa Wallack are currently in negotiations to rewrite the script penned by Ron and Theresa Terry.
Adams is a five-time Oscar nominee for her performances in "American Hustle," "The Master," "The Fighter," "Doubt" and "Junebug."