Cate Blanchett and Michael Fassbender will star in the spy

Cate Blanchett and Michael Fassbender will star in the spy thriller Black Bag from director Steven Soderbergh

Two acclaimed actors will star together in a Steven Soderbergh spy thriller.

According to The Hollywood Reporter, Cate Blanchett and Michael Fassbender are now set to lead the cast of Black Bag.

Blanchett, 54, most recently appeared in Australian drama The New Boy (2023) and has three new projects either currently filming or in post-production.

The 46-year-old Fassbender most recently starred in Taika Waititi's sports comedy “Next Goal Wins” (2023).

The details of their new pairing in Black Bag have been largely kept secret, but the outlet noted that Black Bag will be set in the UK.

Cate Blanchett, 54, joins the production as a two-time Oscar winner Michael Fassbender, 46, joins the production as a two-time Oscar-nominated actor

Cate Blanchett, 54, and Michael Fassbender, 46, are set to star in the upcoming thriller Black Bag, which will be directed by Steven Soderbergh

The team behind Black Bag is currently looking for financing and a sales company.

Filming for the production is set to begin in London, England, but no agreement has been reached yet.

Soderbergh will direct the feature film project, which was written by David Keopp, considered by many in the industry to be one of Hollywood's more established screenwriters.

The director and writer have worked together in the past, including on the tech thriller KIMI, starring Zoe Kravitz, and the thriller Presence, which premieres Friday at the Sundance Film Festival.

Both Blanchett and Fassbender have worked with Soderbergh in the past.

The actress, who hails from Melbourne, Victoria, Australia, starred in his noir The Good German (2008) as well as Ocean's 8, which he produced and was part of his Ocean's 11 series.

Meanwhile, in West Germany, the Heidelberg native appeared in Soderbergh's action film Haywire (2011), which was about MMA fighter Gina Carano.

Blanchett most recently starred in the Australian drama The New Boy (2023).

Blanchett most recently starred in the Australian drama The New Boy (2023).

Fassbender most recently starred in Taika Waititi's sports comedy “Next Goal Wins” (2023).

Fassbender most recently starred in Taika Waititi's sports comedy “Next Goal Wins” (2023).

Soderbergh, 61, who will direct “Black Bag,” has worked with both Blanchett and Fassbender in the past;  The filmmaker can be seen at the 2023 Sundance Film Festival

Soderbergh, 61, who will direct “Black Bag,” has worked with both Blanchett and Fassbender in the past; The filmmaker can be seen at the 2023 Sundance Film Festival

Blanchett will also star in the sci-fi action comedy “Borderlands” alongside Kevin Hart, Jamie Lee Curtis, Jack Black, Bobby Lee, Édgar Ramírez, Ariana Greenblatt, Florian Munteanu and Gina Gershon.

The Oscar winner also voices the role of a tiger in the upcoming film Euphoria.

She also recently filmed the dark comedy Rumors, which also stars Alicia Vikander, Charles Dance, Roy Dupuis, Denis Ménochet, Nikki Amuka-Bird, Rolando Ravello, Takehiro Hira and Zlatko Burić.

Fassbender has two new films of his own currently in post-production, including the Irish-language film Kneecap, starring Mo Chara, Móglaí Bap, DJ Próvaí, Simone Kirby and Josie Walker.

He also directed the martial arts comedy Kung Fury 2, David Sandberg's sequel to Kung Fury (2015), which also stars Arnold Schwarzenegger, Ralf Moeller, Alexandra Shipp and Jorma Taccone.