The actress is set to portray the character of Sofia Falcone, the daughter of mob boss Carmine Falcone who was played by John Turturro in Reeves' film. Deadline reports that Sofia goes head-to-head with Colin Farrell's Penguin as they fight to gain control of Gotham.
Reeves will serve as executive producer for The Penguin alongside Dylan Clark, Farrell, Craig Zobel — who is also directing the first two episodes — Daniel Pipski and Rafi Croh.
A release date and plot details are yet to be announced.
Elsewhere in entertainment, A24 and Peacock have announced a Friday the 13th prequel series entitled Crystal Lake.