The 1980 film starred Bob Hoskins as Harold Shand, a London gangster who has aspirations to become a legitimate businessman.
Variety reports that Sherlock director Paul McGuigan is in talks with former HandMade Films executives Guy Collins, Michael Ryan and Fred Hedman about the television adaptation.
Collins and Ryan previously abandoned plans to remake The Long Good Friday for cinemas with Resident Evil director Paul W.S. Anderson.
Ray Winstone is reportedly interested in playing the lead role of Shand in the new television version. In October last year, the 44 Inch Chest star lamented the removal of swear words from a screening of the original film.
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