Academy award-winner Robert De Niro is set to be part of Warner Bros' upcoming mob drama, Wise Guys.

The film will be directed by Barry Levinson.

Wise Guys will be a period film that revolves around Vito Genovese and Frank Costello, a pair of Italian Americans running two separate crime families during the mid-20th century.

It is being reported that De Niro will be taking on both key roles in the film scheduled to be released theatrically.

The film is penned by Goodfellas-writer Nicholas Pileggi.

Wise Guys is the fifth collaboration between De Niro and Levinson after The Wizard of Lies, What Just Happened, Wag the Dog and Sleepers.