George Clooney, today's Variety says, will produce and is considering directing the project.

Willimon, a playwright who has worked for several political campaigns including Howard Dean's 2004 presidential run, is penning the script.

The story reportedly revolves around an idealistic communications director (DiCaprio) who, while working for a fast-rising presidential candidate, falls victim to the backstabbing and trickery of rival politicians.

The play will make its Broadway debut next year with Jake Gyllenhaal in the stage role, Variety says.

It's unclear when production on the project might get underway