List is set to play Cara, a young woman with special powers who is described as both trustworthy and serious.
The upcoming series is inspired by the likes of both X-Men and Heroes, Deadline has shared.
The Tomorrow People follows young people from around the globe who work together to defeat evil with their unusual powers.
The pilot, an adaptation based on the cult British series, was written and executive produced by Phil Klemmer.
Julie Plec and Greg Berlanti will exec produce with the help of Danny Cannon, who will also direct the show.
List is best known for her recent stint in CW's 90210 and the series FlashForward.
Watch a clip of Peyton List in FlashForward below: