TheWrap are going with an exclusive that Walt Disney Productions and Lucasfilm have hired him to direct the upcoming film, they are also saying that Ben Affleck was in contention to direct thankfully they passed on him.
Back in November, Abrams commented on him possibly directing the film an it sounded like it might happen, looks like that day has come true!
"Look, Star Wars is one of my favorite movies of all time. I
frankly feel that – I almost feel that, in a weird way, the opportunity
for whomever it is to direct that movie, it comes with the burden of
being that kind of iconic movie and series. I was never a big Star Trek
fan growing up, so for me, working on Star Trek didn’t have any of that,
you know, almost fatal sacrilege, and so, I am looking forward more
then anyone to the next iterations of Star Wars, but I believe I will be
going as a paying moviegoer!"