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, says The Hollywood Reporter.

U.K.-based helmer Roger Michell ("Changing Lanes," "Notting Hill") is in negotiations to direct the follow-up to "Casino Royale," which has a working title of BOND 22.

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.