The script will be written by playwright Jez Butterworth and produced by Alison Owen (singer Lily Allen's mom) and Paul Trijbits.
The cast of the film has not been announced; shooting is scheduled to begin next year.
London Calling, Number 8 on Rolling Stone's 500 Greatest Albums of All Time, has already been the subject of a documentary included with the 2004 Legacy Edition of the LP.
The Clash and late singer Joe Strummer have been the subjects of several films already, including the documentary Westway to the World, Julian Temple's Joe Strummer: The Future Is Unwritten and The Rebel Truce: The Clash, which is slated to premiere on BBC America on December 12.
To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here
MUSIC 9 Classic Devo Videos
OLYMPICS 18 Epic Opening Ceremonies