Jude Law is in negotiations to co-star with Blake Lively in the spy thriller “The Rhythm Section” from director Reed Morano, and “James Bond” producers Michael G. Wilson and Barbara Broccoli.

IM Global will finance the film, while Paramount will handle worldwide distribution. Wilson and Broccoli are producing through their Eon Productions banner, with IM Global co-founder Stuart Ford exec producing along with Greg Shapiro and Mark Burnell.

The movie is a contemporary adaptation of the first of Burnell’s “Stephanie Patrick” British series of four novels. Lively will play the titular heroine, who’s on a path to self-destruction after the death of her family in an airplane crash — a flight that she was meant to be on. After discovering that the crash wasn’t an accident, her anger awakens a new sense of purpose as she becomes an assassin to track down those responsible. Other novels in Burnell’s popular series include “Gemini,” “The Third Woman,” and “Chameleon.”

The film will begin production this fall and will likely shoot in the U.S., the U.K., Ireland, Spain, and Switzerland.

Popular on Variety

Law recently wrapped filming on the sequel to “Fantastic Beasts and Where to Find Them,” where he plays a younger version of wizard Albus Dumbledore, a role made famous by Richard Harris and Michael Gambon in the “Harry Potter” movies. He is also still attached to star in a third “Sherlock Holmes” film, which Warner Bros. is currently developing.

Law is about to start shooting Woody Allen’s next pic, starring Elle Fanning. He is repped by WME, Julian Belfrage Associates, and attorney Karl Austen.