Variety reports that Elordi will star in The Narrow Road to the Deep North, a love story set in the aftermath of the Second World War, which focuses on an Australian doctor who escapes from his wartime captivity and becomes an unlikely hero.
The five-part series is an adaptation of Richard Flanaghan's 2013 novel, and has been in development for several years.
But production is finally underway now, with Elordi joined by The Stand's Odessa Young and Game of Thrones and Belfast actor Ciarán Hinds.
Jo Porter and Rachel Gardner from production company Curio Pictures said in a statement: "The power of the storytelling, which began with Richard Flanagan's seminal novel; the brilliance of the creative team, led by Shaun Grant and Justin Kurzel; and our breathtakingly accomplished cast will make this a landmark production for Australian television and a sweeping story to be embraced by audiences around the world."
"The Narrow Road to the Deep North promises to be a cinematic, visceral, and undeniable contemporary love story, which explores the power of mateship and the strength of the human spirit in the face of adversity," added Amazon MGM Studios' senior development executive Sarah Christie added.
Elordi recently spoke out about his dislike of the films that made him famous, calling The Kissing Booth trilogy "ridiculous", and hoping that he's moved beyond having to do franchises.
Similarly, he revealed that he was invited to do an audition for a Superman film and turned it down, recalling he "immediately" thought no.
"At this stage in my life, I don't see myself having any interest in that," he said, when asked about starring in other superhero films. "I like to make what I would watch."
Saltburn is in UK cinemas now. Priscilla is in cinemas now in the US and opens with preview screenings from December 26 in the UK, ahead of a wider release on January 1, 2024.
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