Gale Anne Hurd, executive producer on The Walking Dead, is to take on the same role for this new series, having bought the rights to the source material last year.
According to The Hollywood Reporter, it has been confirmed that AMC is now developing the project.
The book, written by US journalist Annie Jacobsen, uses interviews with scientists and engineers that worked at US military base Area 51 to explore the alien-related stories that are famously linked with it.
The show's plot will centre around two Area 51 employees who end up in danger when they discover highly sensitive government secrets.
Todd E Kessler (The Good Wife) is reportedly on board for the script , with Jacobsen taking on a co-producing role.