Paramount has gained the rights to the film, which is based on the six-part series of articles by Bryan Denson that were published by the Oregonian in 2011. The series told the true story of a traitorous CIA spy who was sentenced to 23 years in prison, but then enlisted his son in 2004 to continue his work.
The project would reunite LaBeouf with his "Disturbia" and "Eagle Eye" director D.J. Caruso. Both DeNiro and LaBeouf are still in talks to attach themselves to the project, and their final decisions will depend on the script -- though no screenwriter is attached yet.
EARLIER ON MOVIEFONE: