The name is Mendes, Sam Mendes

The James Bond rumours are fast and furious this week, first we heard that the next installment of the 007 franchise was onhold due to the sale of owners MGM.

The newest rumour is that the 23rd Bond movie is being fast-tracked by MGM partners Sony, with an eye toward a 2011 summer release.

British director, Sam Mendes, is in negotiations to direct the movie, which will see Daniel Craig return as the infamous spy.

His previous action movies include the Jake Gyllenhall starring ‘Jarhead’ and ‘The Road To Perdition’, he has also directed acclaimed movies ‘Away We Go’, ‘Revolutionary Road’ and ‘American Beauty’, for which he won an Oscar.

Bond regulars Neal Purvis and Robert Wade are writing, along with “Frost/Nixon” scribe Peter Morgan.

The previous Bond movie, 2008’s ‘Quantum Of Solace’ was directed by Marc Forster and grossed $586 million worldwide.

Stay tuned for more news on Bond 23.