The Inception star will return to the small screen in a new Bbc period drama created by British screenwriter Steven Knight and produced by acclaimed filmmaker Scott.
Set in 1813, Hardy will play James Keziah Delaney, a "rogue adventurer" who is eager to build his own trade and shipping empire, only to find himself at the centre of two warring nations, Britain and America.
Hardy expresses his enthusiasm for the role in a statement which reads: "We're creating a flagship British drama for this generation, a hybrid of orthodox and unconventional story telling, packed with darkness and spirited characters.
"I think Steve Knight and Ridley Scott are the perfect partners and the Bbc the perfect home for this hugely exciting and compelling project."
Production is slated to begin January, 2015.