The rights to a Bond stage show have reportedly been secured by Merry Saltzman, daughter of original Bond producer Harry Saltzman.
The show, James Bond: The Musical, will include music and lyrics from Jay Henry Weisz, while Dave Clarke has written the story, reported Digital Spy.
The project has been greenlit with 007 showing off his spying skills, while hitting high notes and insiders say if it is a success the musical will also come to London's West End, reports mirror.co.uk.
A US production company is now hunting for a male lead to fill the most famous spy role for the show, which will launch in the US in 2017. The working title for the production is simply James Bond: The Musical and it will have an original storyline, producers told American website Playbill.com, and will use "several Bond villains, plus some new ones".
The films are based on Ian Fleming's suave super spy James Bond which he created and wrote about over a series of 14 novels published from 1953 to 1966.
The next Bond movie, Spectre starring Daniel Craig, is scheduled to release on November 6.