However, there is no word on the title or plot of the film, reports Deadline.
The planned feature will mark Willis and Stewart's first collaboration with Allen. Eisenberg has already worked together with Allen for the 2012 comedy "To Rome with Love". He also worked with Kristen Stewart in "Adventureland" which released in 2009.
A release date also hasn't been set. Despite that, Allen has recruited his longtime collaborators Letty Arsonson, Stephen Tenenbaum and Edward Walson to produce the film.
Allen's next film will be "Irrational Man", which is expected to hit screens on July 24. The film stars Emma Stone and Joaquin Phoenix in pivotal roles.