The actress is considering a small role in Ridley Scott's forthcoming thriller, reports Vulture.
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Jolie will appear opposite star Michael Fassbender in the movie based on the original script by Cormac McCarthy (No Country for Old Men, The Road).
The film centres on a Southwest lawyer who finds himself embroiled in the drugs trade.
Jolie has also been linked to take the lead role in the Gertrude Bell biopic that Scott is attached to direct.
Disney film Maleficent, in which the actress will take the starring role, was given a release date of March 14, 2014 earlier in the week.
Filming on The Counselor is set to begin in June.
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