The title will see players control both the Amazing Spider-Man and Spider-Man 2099 in two connected timelines that follow the untimely death of Peter Parker.
It will feature all-new 'cause-and-effect' gameplay, where choices and actions can have unintended outcomes on the Spider-Man in the opposite timeline.
Spider-Man: Shattered Dimensions studio Beenox will develop the game alongside Marvel writer Peter David, co-creator of comic series Spider-Man 2099.
"At Beenox, we are constantly listening to the fans and looking for new and creative ways to innovate the gameplay experience for them," said studio head Dee Brown.
"We want to create a totally distinct experience in Spider-Man: Edge of Time by working with Peter David on the story and creating this urgent, high-stakes experience where time is working against you and the fate of Spider-Man hangs in the balance."
It was recently revealed that a scriptwriter for a sequel to movie reboot The Amazing Spider-Man had been hired.
View the announcement artwork for Spider-Man: Edge of Time below: