According to industry website Deadline, the new film from Mendes will be 1917, a World War 1 set story that he co-wrote, and which will be produced by Spielberg’s Amblin Partners.
Mendes worked with Spielberg’s company on his first film as director, American Beauty, as well as the films Road to Perdition and Revolutionary Road.
The British director who initially gained notoriety in the theatre, and whose most recent films have been James Bond titles, Spectre and Skyfall, has alternately directed plays and TV in between films, helming play The Ferryman in 2017, and episodes of gothic horror series Penny Dreadful.
Whilst taking time to choose his next film after two 007s, there have been a number of films the director has been linked to which have not gone through, the most recent being a live action adaptation of Pinocchio that was being developed at Disney, which Mendes was attached to as late as 2017.
Prior to that, the director was attached to another film at Disney, a live-action adaptation of James and The Giant Peach, but chose to drop out of that too.
Another title Mendes was said to be taking on next was an adaptation of graphic novel My Favourite Thing Is Monsters at Sony, following a 10-year-old girl in 1960s Chicago who attempts to solve the murder of her upstairs neighbour, a mysterious holocaust survivor.
The director was also said to have been considering a third James Bond film, however this never materialised.
1917 is the first film Mendes appears to have settled on, and looks set to go into pre-production.
The director has previously made a war film with 2005’s Jarhead.
Mendes said (it was) “very exciting to start making the movie itself a reality.”