The performer will also produce Shady Talez, a horror anthology described as a cross between Creep Show and vintage TV programme The Twilight Zone.
If it comes to fruition, the film will be Eminem's first big-screen appearance since his role in 2002 release 8 Mile.
Announced last year, Shady Talez will feature three stories offering a hip-hop spin to classic horror films.
The film is being produced by DJ Classicz, a division of Davis Entertainment - the US company behind the Garfield and Aliens vs Predator movies.
The project will also incorporate a four-issue Shady Talez comic book series, due out in 2010.
