Taking to Instagram to announce the chat, Baldwin said he will be interviewing the controversial film director on 28 June on Instagram Live.
Baldwin also addressed the sexual abuse allegations aimed at Allen by his adopted daughter, Dylan.
The actor wrote: “Let me preface this by stating that I have ZERO INTEREST in anyone’s judgments and sanctimonious posts here. I am OBVIOUSLY someone who has my own set of beliefs and COULD NOT CARE LESS about anyone else’s speculation.
If you believe that a trial should be conducted by way of an HBO documentary, that’s your issue.”
Baldwin references HBO's recent documentary Allen v Farrow where Dylan revisited allegations against her adopted father that he sexually abused her in 1992. Allen has repeatedly denied all allegations.
He responded to the abuse allegations in an interview last year, saying: “It’s so preposterous, and yet the smear has remained. And they still prefer to cling to if not the notion that I molested Dylan, the possibility that I molested her. Nothing that I ever did with Dylan in my life could be misconstrued as that.”
When the allegations resurfaced with the documentary, Allen was defended by Baldwin, who criticised various actors for saying they would never work with the director again.
Other actors to defend Allen include his ex-partner Diane Keaton, Scarlett Johansson, Larry David, Jude Law and Javier Bardem.
Numerous stars who have worked with the director have distanced themselves from him in recent years including Natalie Portman, Timothee Chalamet, Greta Gerwig, Rebecca Hall and Colin Firth.
Allen has also faced criticism for marrying Soon-Yi Previn. Soon-Yi was initially adopted by Allen's former partner Mia Farrow and Andre Previn, before Farrow began a relationship with Allen in 1980.
Allen and Soon-Yi went public with their relationship in 1992 to much public controversy. They later married in 1997.
Watch below: Alec Baldwin announces interview with Woody Allen.