Christian Bale has already signed up to play Moses in the film.
According to The Hollywood Reporter, Zero Dark Thirty and The Great Gatsby actor Joel could play the Egyptian ruler Ramses in the film.
Exodus will shoot in Spain, Morocco and England, with Ridley also on board as co-producer.
Aussie actor Joel is set to star alongside Natalie Portman and Ewan McGregor in Jane Got A Gun and with Michelle Williams in The Double Hour.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? firstname.lastname@example.org
An opportunity to expand your horizons is too good to ignore. Studying or travelling abroad will keep you far from home, but absence will make the heart grow fonder. If you have a beloved pet, make arrangements to travel with your companion. Don't let small inconveniences keep you from exploring new vistas. Have you been yearning to write a book? Begin now, while you have some stellar cosmic energy at your back. Great things can happen if you take a risk.More