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According to The Mirror, the Slumdog Millionaire star will feature alongside Daniel Craig in the next instalment of the 007 franchise, which will be directed by Sam Mendes.
A source said: "Sam has been talking about Bond for months now and is so excited about it. The project has been in the pipeline for months and Freida was always the dream Bond girl.
"But initially she was nervous about accepting it. This is going to be the most ambitious 007 yet. Sam plans to reinvent the genre."
The insider added: "Peter Morgan, who wrote The Queen, has penned the first draft of the script and it promises to be visually stunning.
"It will be a typically glamorous and raunchy role and [boyfriend] Dev [Patel] has been joking to friends he is cool with seeing Freida rolling around with 007."
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