Los Angeles, Aug. 13 -- Nearly two decades after working together on the hit action film 'Mr and Mrs. Smith,' actors Angelina Jolie and director Doug Liman are teaming up again for a new spy thriller called 'The Initiative.'

According to The Hollywood Reporter, Universal Pictures is close to finalising the deal for the project, which will be directed by Liman and written by F. Scott Frazier. Jolie will play a rogue master spy named Bright, who operates outside the rules. The story follows a new agent, Charlie, who joins her team and soon finds himself unsure if Bright is trying to protect him or kill him as they take on dangerous missions to protect the world.

Producers Joe Roth and Jeff Kirschenbaum, who previously worked with Jolie on...