TV personality Zak Bagans is overseeing the development of the exhibition, which will feature items belonging to Exotic he collected while spending a weekend at the jailed tiger trainer's zoo in Oklahoma, shooting an episode of his series, "Ghost Adventures".
According to TMZ, the memorabilia will also feature pill bottles, items of clothing, wedding tokens, Joe Exotic's infamous jewelled crown, and a glass pipe that belonged to the tiger trainer's ex-husband, Travis Maldonado.
Bagans claims he was gifted the items by Jeff Lowe, the current owner of the Tiger King zoo.
It's not clear where the museum will be located.
Joe Exotic is currently serving 22 years in prison for orchestrating a hit on rival Carole Baskin's life.