Phillip Noyce ("Clear and Present Danger," "The Quiet American") is in negotiations to direct DreamWorks Pictures "The Art of Making Money" says The Hollywood Reporter.

The story centers on Art Williams, the alias of an audacious Chicago counterfeiter who printed more than $10 million worth of fake $100 bills using cutting-edge techniques and continued to do so even after he had been caught by the FBI. Last year, he was sentenced to seven years in federal prison.

Based on Jason Kersten's 2005 profile of Williams in Rolling Stone, Frank Baldwin is attached to write the screenplay.

Noyce has been considering four projects during the past few weeks. His next film is the period drama "Mary Queen of Scots" with Scarlett Johansson opening later this year.