The 24th James Bond movie is rumoured to be based on 2008 novel Devil May Care.

According to The Sun, studio bosses have chosen Sebastian Faulks's Bond novel as the basis for Daniel Craig's next outing.

The book, released to mark the 100th anniversary of creator Ian Fleming's birth, is set in 1967 as a sequel to The Man with the Golden Gun.

Devil May Care follows Bond battling a chemist named Dr Julius Gorner, who aims to control Britain.

Sam Mendes recently confirmed that he will return to direct Bond 24, following the huge success of last year's Skyfall.

The project will be released in the UK on October 23, 2015 and in the US on November 6, 2015. Screenwriter John Logan will also return.

"I am very pleased that by giving me the time I need to honour all my theatre commitments, the producers have made it possible for me to direct Bond 24," Mendes said.

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