The comedy, which is currently untitled, focuses on three immature fathers and is being produced by Jimmy Fallon.
Anderson will play one of the dads, Deadline says.
His character, a comic book collector and stay-at-home father-of-four, is happily married but struggling financially.
Anderson has previously starred in shows such as 'Til Death, The Shield and Law & Order.
Friends With Benefits star Zach Cregger has already signed up to play another of the fathers in the NBC project, while The Sopranos' Jamie-Lynn Sigler will star as Cregger's on-screen wife.