updated 07/19/2014 AT 11:15 AM ET
•originally published 07/19/2014 AT 12:40 PM ET
Acting’s all in the family for the Jolie-Pitt clan.
The film will mark the A-list pair’s first onscreen reunion since 2005’s Mr. & Mrs. Smith.
Earlier this month, PEOPLE confirmed the engaged couple would shoot a movie in Malta for about eight weeks. Though it’s still unclear whether By the Sea is that project, the Mediterranean setting would be a perfect fit for the title.
By the Sea will be Jolie’s third time in the director’s seat for a feature-length film, following her debut, In the Land of Blood and Honey, and follow-up, Unbroken. The latter, which chronicles the late World War II vet and Olympian Louis Zamperini, is due Christmas day.
Reporting by MARY GREEN