Set in 1972, the plot sees the band recording their famous double album as tax exiles in southern France.
The film will be based on Robert Greenfield’s 2006 book Exile On Main Street: A Season of Hell With The Rolling Stones.
The former Rolling Stones journalist had the opportunity to interview Richards during their month of vice - an event that takes up most of the book.
In his book he said that Richards and guitarist Mick Taylor were the ones constantly getting high.
Meanwhile he, Jagger and drummer Charlie Watts abstained, so they could concentrate on their work.
Goddard is currently casting for actors to play Richards and Jagger.
Virgin’s Richard Branson is backing production, having owned the rights since 2012.
Exile On Main Street is considered by many to be The Rolling Stones’ greatest album.
The 18-song record features the live recording of Tumbling Dice.
By George Simpson
With many thanks to Express UK.
The Rolling Stones now celebrate 50 years together. No one would have ever expected that!
Biopics Now Focus On Key Moments Rather Than A Whole Life
Some Biopic Actors And Their Real-Life Counterparts
Are These The Top 10 Songs Named After Famous People?
'Vinyl' Mick Jagger and Martin Scorsese's Mini-series
Televison 2016: Some Shows We Can Expect To See
Remembering David Bowie
The Fender Stratocaster: A Design Icon At 60
Is Led Zeppelin's 'Whole Lotta Love' Really The Best Guitar Riff Ever?
The Rolling Stones At Their Peak: 1965 Touring Ireland
The Rolling Stones at Villa Nellcôte and "Exile On Main Street"
The Rolling Stones’ Charlie Watts: A very Different Drummer
The Rolling Stones at Glastonbury after 50 years
Keith Richards - His Life with the Rolling Stones and His Book
Will the Rolling Stones Stop Rolling? No!
Singer Jordie Lane finds the soul of the Grievous Angel: Gram Parsons
Keith Richards Writes A Story Book For Children
Ronnie Wood: His Art and The Rolling Stones : Update - Australian Tour Dates Cancelled
Film Review: Twenty Feet From Stardom
Arthur Alexander: The Forgotten Songwriter Who Inspired The Beatles, Bob Dylan And The Rolling Stones
The Rolling Stones To Release Two Heritage Concerts On DVD & Their Australian "On Fire" Tour
Glyn Johns: Defining That Classic-Rock Sound
Jagger Gives Charlie Watts A Special Gift!
Rolling Stones Book To Cost $5,000 (or $10,000)
Altamont at 45: The Most Dangerous Rock Concert Ever?
The Rolling Stones: New Tour Announced - Zip Code Updated: Releases from The Vault And A New Album for Keith Richards
'American Pie' Lyrics Sell For $1.2 million In New York
Bill Wyman: The Rolling Stones Never Forgave Me For Leaving
Don Henley Recruits Mick Jagger And Dolly Parton For Country Album Cass County
The Rolling Stones: Sticky Fingers: Super Deluxe Edition
Keith Richard ‘Under The Influence’
Bob Dylan Named Greatest Songwriter Ahead Of Lennon and McCartney According To Rolling Stone
Rolling Stones' Ronnie Wood’s - "How Can It Be? A Rock & Roll Diary"
Keith Richards Says Jagger’s Ego Sent Him Solo
The Rolling Stones’ 'Satisfaction' Was The Result Of A Faulty Amp
A History Of Mick Jagger On Film
The Rolling Stones To Create Their Own Museum - #StonesIsm
The Rolling Stones Guide To Business Success And Survival
The Rolling Stones Reveal ‘Totally Stripped’
The Rolling Stones’ ‘Havana Moon’ In Cinemas Worldwide
Rollings Stones’ Keith Richards Is Evolving, Not Ageing
The Rolling Stones:Olé Olé Olé: A Trip Across Latin America