According to Variety, Matthew Vaughn as optioned Neil Gaiman's fantasy novel "Stardust," about the adventures of a half-fairy boy, for himself to direct via his production shingle MARV. And he's in talks with "Trainspotting" scribe John Hodge to come aboard his remake of 1960s TV series "The Man From U.N.C.L.E." for Warner Bros.

"I've always wanted to make a spy movie, and our idea is like nothing you've ever seen before," Vaughn says. "The name is the only thing that's staying from the original show. The studio is giving us a lot of freedom to break the rules."

Warner offered him "U.N.C.L.E." after choosing David Yates instead to direct Harry Potter and the Order of the Phoenix. Insiders say Vaughn's pitch for Potter was a tad too graphic and violent for the studio's taste.

"I did slightly scare them by saying the next Potter has got to be more like 'The Dirty Dozen,'" he laughs. "But I'm not going to be one of those directors who isn't honest about what he intends to do, and then changes everything when shooting has started and it's too late to fire him. I guess that's the producer in me."

Vaughn produced Guy Ritchie's Lock, Stock And Two Smoking Barrels and Snatch before making his own directorial debut last year with the sharp and savvy Brit gangster pic Layer Cake, which starts its Stateside rollout via Sony Classics at Sundance.