The 48-year-old designer and creative director of Louis Vuitton will produce the line with make-up giant Sephora.
The concept is in its early stages but Jacobs spoke to WWD, saying "I see make-up, fragrance - everything, really - as an opportunity. The idea of choosing a colour for your lip, or an eyeliner - it's just such a delight. The ritual of waking up and making those choices is something people really enjoy."
"Anything to me that is part of the joy, the ritual, of getting dressed - things that women enjoy like bags, shoes, fragrance, clothes, makeup - that's what fashion's about for me.
I love the opportunity, wherever there is one, to adorn, to decorate, to scent, to dress. That's what fashion's all about. It's not necessary, it's something you want - it's a fancy and a whim" Jacobs added.
The designer is already an accomplished parfumier with a number of fragrances on the market, and another summer scent on its way in 2012 called 'Dot'.
