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
Beware of spending beyond your means. Sticking to a budget will help you survive the festive season relatively unscathed. It will be easier than you think to let your grip on the purse strings slip especially as the big day draws near. Let Christmas be about loving, sharing and giving. Spend quality time preparing food, making decorations and playing games together. If you haven't sent all your cards or round robin emails give some thought about what you will be sharing with others this year.More