From the Hollywood Reporter:

Paramount has acquired a pitch from Sacha Baron Cohen and Phil Johnston for an untitled comedy project featuring a James Bond-like spy who “is forced to go on the run with his long-lost brother, a moronic soccer hooligan,” according to the studio.

Baron Cohen might take a role in the project, though that would depend on availability and scheduling.

Baron Cohen has a first-look deal with Paramount and starred in this year's The Dictator for the studio. He is repped by WME.

Johnston wrote the Ed Helms comedy "Cedar Rapids"; worked on Disney’s "Wreck-It-Ralph", which comes out this fall; and co-wrote "Nebraska", which is Alexander Payne’s latest endeavor. He is repped by CAA.