Country music-themed film also casts Tim McGraw, Garrett Hedlund, Leighton Meester.
Film is scripted by Shana Feste, who wrote and directed "The Greatest." Starring Pierce Brosnan, Susan Sarandon and Carey Mulligan, "The Greatest" played at Sundance in January as well as festivals including Karlovy Vary and the Hamptons International Film Festival.
Jenno Topping and Tobey Maguire will produce "Love" via their Maguire Entertainment banner, with production set to begin in January in Nashville.
Hedlund ("Friday Night Lights") plays a rising singer-songwriter who becomes involved with a fallen country singer (Paltrow). They embark on a career resurrection tour with her husband-manager (McGraw) and a beauty queen-turned-singer ("Gossip Girl’s" Meester), but romantic entanglements and old demons threaten to derail them.