The Thai actor, who is best known for the Ong Bak series, will make his English-language debut in the next instalment of the Universal franchise, claims The Hollywood Reporter.
Jaa will star alongside Jason Statham, who has been confirmed as the villain in the car heist drama opposite series veterans Vin Diesel and Paul Walker.
As well as being the first English language film Jaa has starred in, Fast and Furious 7 will be his first outing with a major studio.
He said in an email: "I have been a big fan of the Fast and Furious franchise. The films are fast-paced, fun and keep the audience involved.
"There is a great mix of humour and action, something I really appreciate. There is no better film to be involved in for a first US studio production."
When asked if he would win a fight with castmates Vin Diesel or Dwayne Johson, Jaa added: "Having a chance to work with Vin Diesel and The Rock already makes me a winner."
Ong Bak: Muay Thai Warrior was released in 2003 and became Jaa's breakout international film. It was followed by prequel Ong Bak 2: The Beginning in 2008 and sequel Ong Bak 3 in 2010.
It is not yet known what role Jaa will play in the next Fast and Furious film, as the script is still in development under Chris Morgan.