Roger Michell in negotiations to direct Bond 22

As the world awaits the debut of Daniel Craig as the latest Agent 007, the producers of "Casino Royale" are busy making plans for the next chapter in the James Bond franchise.

U.K.-based helmer Roger Michell is in negotiations to direct the follow-up to "Casino Royale," which has a working title of "Bond 22" - according to The Hollywood Reporter.

Columbia Pictures, which is producing "Casino Royale" and "Bond 22" alongside MGM, declined comment. And while plot details for "Bond 22" remain sketchy, sources say the film is based on an original idea from Bond producer Michael Wilson. Eon Prods. is looking for a writer to adapt.

Michell and Craig are no strangers, having teamed on the 2004 drama "Enduring Love."

Michell's helming credits also include the Ben Affleck-Samuel L. Jackson vehicle "Changing Lanes" and the Julia Roberts-Hugh Grant romantic comedy hit "Notting Hill."

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Earlier Story: `Risico` is working title for 22nd James Bond film?

Later Story: James Bond 22 officially announced, release date set for May 2nd 2008, Daniel Craig to return for second film as 007

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