This year's Cinderella at the Oscar ball will join the long list of Allen's muses as she takes on the ingenue role in the helmer's still-untitled pic.
Naomi Watts has also signed on to star in the film, joining the already-announced Josh Brolin and Anthony Hopkins.
Mediapro, the Spain-based company behind "Vicky Cristina Barcelona," is financing the as-yet-titled pic, which will be produced by Letty Aronson, Steve Tenenbaum and Jaume Roures.
Allen's next pic, "Whatever Works," will be released by Sony Pictures Classics in June.
Pinto, who has become one of the most pursued thesps since her breakout performance in "Slumdog," signed with CAA in November and began mulling projects. Allen's film will mark the first post-"Slumdog" pic for the Indian-born model-turned-actress.
Watts is filming "Mother and Child." She also is repped by CAA.
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