Jenkins and Aldrich will be adapting from Aldrichs unpublished manuscript.
In addition, Adele Romanski and Mark Ceryak will produce under the Pastel banner they share with Jenkins.
Ross most recently produced the Sundance Grand Jury Prize winnerSujo.
(L-R) Glen Powell, Barry Jenkins and Matt AldrichGlen Gray/Matt Morris/Deborah Coleman/Pixar
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Senior EVP Production Development Erik Baiers will oversee the project for Universal.
Powell has become one of the top stars that studios are going to for their tentpole-pop in projects.
Its stateside final was $267.7M, and globally it grossed $371M.
1 movie on Netflix for several weeks in a row.
He next can be seen next in the Hulu seriesChad Powersand a new movie from J.J. Abrams.
Jenkins recently directedMufasafor Disney which has crossed $700 million at the global box office.
He most notably directed Best Picture WinnerMoonlight, which also won him the Oscar for Adapted Screenplay.
JenkinsIf Beale Street Could Talkreceived three Oscar nominations and won the Independent Spirit Award for Best Film.
It also scored seven Emmy nomination.
The unpublished manuscript that inspiredThe Natural Orderpitch will be Aldrichs first novel.
Powell is repped by CAA and Johnson Shapiro.
Jenkins and Aldrich are repped by CAA, Ross and lawyer Jamie Feldman.