The actress will appear alongside real life mother-daughter pair Susan Sarandon and Eva Amurri Martino in the drama, reports Deadline.
She will take an unspecified role in the film, which follows twelve sets of mothers and daughters over the course of the titular day.
Paul Duddridge is writing and directing the movie, with Danielle James producing.
Ricci recently starred in the ABC television series Pan Am and alongside Robert Pattinson in Bel Ami.
She will next lend her voice to movie sequel The Smurfs 2 as Vexi, an evil version of Katy Perry's Smurfette.