According to The Hollywood Reporter, Oliver Stone is in talks to direct The Night Watchman. The feature film is an adaptation of James Ellroy's script about a disgraced police officer who sets out to rid the police force of corruption.
Spike Lee was set to direct Keanu Reeves in the long-gestating project but has since dropped off to helm Inside Man for Universal Pictures. Alexandra Milchan, Lucas Foster and Erwin Stoff are producing. The producers are awaiting a new draft of the script from John Ridley and will then move toward closing deals with Stone and Reeves. Night Watchman has been through several incarnations.
At one point, David Fincher was in talks to direct for Regency Enterprises and Bruce Berman for Warner Bros. Pictures. Stone most recently directed Alexander, which has grossed $167.6 million worldwide.