Oscar winner Ang Lee is to direct the espionage thriller
Lust, Caution, according to the Hollywood Reporter.
Set in World War II-era Shanghai, the Chinese-language film is expected to begin production in the fall. The screenplay will be adapted from Eileen Chang's short story by Lee's "Crouching Tiger, Hidden Dragon" screenwriter Wang Hui-Ling. Bill Kong, who produced "Crouching Tiger," is reteaming with Lee to produce, and Schamus will serve as exec producer.