England, the 13th century. In a remote rural community, a mysterious creature stalks the fog-bound countryside, and the villagers' folklore of men who become wolves begins to seem terrifyingly real. A farmer, his wife and their daughter find themselves at the centre of the horror, while a hunter is drawn in to track down the beast. Robert Eggers's film is performed largely in Middle English. The fifth feature from Robert Eggers, following The Witch, The Lighthouse, The Northman and Nosferatu, reunites him with his co-writer Sjón and actors Willem Dafoe, Aaron Taylor-Johnson, Lily-Rose Depp and Ralph Ineson.

The film was shot on location in England, including Dartmoor and the Forest of Dean, and uses dialogue in Middle English.