The Oscar winner's as-yet-untitled period drama will chronicle the life of a middle-class family in Mexico City in the early 1970s.

Production is slated to begin this autumn (16).

With the new project, Cuaron, who acknowledged the new film is "close to his heart", marks his first time filming in Mexico since his acclaimed breakthrough film Y Tu Mama Tambien.

The 1999 movie starred Mexican actors Diego Luna and Gael Garcia Bernal and earned Cuaron an Oscar nomination for Best Original Screenplay.

He has since won gold twice for Sandra Bullock's film Gravity in 2013. He picked up the Best Director and Best Film Editing honours. He also directed Harry Potter and the Prisoner of Azkaban.