The film starring Jon Hamm is the 20-year-old actor's first major role post "Pi", said the Hollywood Reporter.
The story of the film revolves around J B Bernstein, a real-life sports agent, who discovered professional pitchers Dinesh Patel and Rinku Singh through a reality show he staged in India by auditioning 40,000 cricket players. Sharma will play one of the pitchers in the film.
"Lars and the Real Girl" director Craig Gillespie is set to direct the sports drama. Its screenplay is written by Tom McCarthy. Alan Arkin will play a retired baseball scout. Shooting is scheduled to begin in May in India and then Atlanta.
Spotted: 'Kaabil' star Hrithik Roshan with dad Rakesh Roshan
'Rock On 2' trailer launch: Farhan, Shraddha enthrall audience with live gig
Flashback: When bikini babes set a new world record in Australia
Photos: Ajay Devgn launches 'Shivaay' comics at Mumbai Comic Con
Photos: 'Rock On 2' stars Farhan, Shraddha on 'Yaaron Ki Baraat'