The film will be an adaptation of hit book SILVERFIN - the first in a series written by British comic CHARLIE HIGSTON about the 007 secret agent as a 13-year-old.
The storyline centres around Bond's time in Britain's prestigious public school Eton, but movie producers are planning to raise the age of the teenage spy to secure either 16-year-old Radcliffe or Bell, 19, in the lead role.
A source says, "With it being so popular around the world, the book is certain to make the big screen. It has all the hallmarks of a hit. Murder, mystery, action and a young James Bond.
"Daniel Radcliffe would be perfect but they are also looking at Jamie Bell. They want to make the young Bond a bit older so they can have one of those two names."
There was big superhero movie news today as Warner Bros. unveiled plans for extending the franchises of established favourites such as The Lego Movie and...