The project, from Pushing Daisies creator Bryan Fuller, will now be known as Mockingbird Lane, according to TVLine.
The new title comes from the Munster family address at 1313 Mockingbird Lane.
X-Men's Bryan Singer is also on board as an executive producer on the project, which is currently in the casting stage.
The original Munsters starred Fred Gwynne, Al Lewis and Butch Patrick and ran on CBS from September 24, 1964 to May 12, 1966.
A sequel series The Munsters Today followed two decades later, airing from October 8, 1988 to May 25, 1991.
Butch Patrick - who played the original Eddie Munster - previously criticised Fuller's remake, insisting that the new series is "not going to do well".
"Honestly, it should be left alone," he said. "I think it shows they are desperate for content."
In September, it was announced that Fuller was also working on a television series based on the character of Hannibal Lecter, the cannibalistic serial killer famously played by Anthony Hopkins in 1991 film The Silence of the Lambs.
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Watch a clip from The Munsters' original series below: