The actor told New York Magazine that he is currently preparing the yet-to-be announced Paramount film, which will star the Never Say Never teenager.
Wahlberg explained: "Justin Bieber and I are going to do a movie together.
"We're putting it together. Yeah, we're doing it at Paramount. We pitched them the idea, and we talked to him about doing it and he loved the idea. Been sending me videos - he sent me a video of himself and yeah, I think he's really talented."
The star of The Fighter added: "We're going to do something interesting. More of a drama. It's interesting, right? You want to know.
"I will not [be singing] and neither will he."
Bieber recently starred in CSI: Crime Scene Investigation and has expressed a desire to do more acting work in future.