Damon will portray Bulger, who was captured by the FBI in June (11) after spending 16 years at large. Affleck will direct the film and both Bostonians will co-produce.
The movie will also feature Affleck’s younger brother Casey, who starred in Ocean’s Eleven, Ocean’s Twelve and Ocean’s Thirteen alongside Damon.
Casey Affleck also starred in his brother’s acclaimed Gone Baby Gone.
Both Afflecks and Damon starred in 1997’s Good Will Hunting – Affleck and Damon’s break-out hit as screenwriters and actors.
The untitled new film will focus on Bulger’s troubled youth and his rise to become one of the most powerful criminals in American history, according to Deadline.com.