The new thriller, which begins filming in Los Angeles next year, follows Catriona Vail (Davis) a ruthless crisis manager for Ascent Ventures.
According to Deadline, Madigan has joined the project as Rachel, a former executive at Ascent Ventures – and a mentor to Catriona.
The series is yet to be given an official episode count or release date, and is currently in the pre-production stage.
She earned her first Oscar for the role, taking home the best supporting actress award for the portrayal – the same award Davis took home in 2017 for Fences.
She is also connected to the upcoming reboot of The X-Files, starring Himesh Patel and Danielle Deadwyler.
More cast news on Ascent is expected in due course.
Check out more of our Drama coverage or visit our TV Guide and Streaming Guide to find out what's on. For more TV recommendations and reviews listen to The Radio Times Podcast.
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