Grey, Michael Sugar, Scott Burns and Soderbergh are producing, with Burns writing the script, reported Variety.
Sugar was one of the four producers who received a best picture Academy Award for "Spotlight" in February.
The project is based on the upcoming book "The Secrecy World" by Jake Bernstein, senior reporter on the team that broke the Panama Papers story. The book will be published by Henry Holt in fall of 2017.
"Secrecy World" is an account of the leak of 11 million documents from the Panamanian law firm Mossack Fonseca about dubious global financial transactions.
Grey Matter Productions bought the screen rights to the book.
Meanwhile, Soderbergh is filming heist movie "Logan Lucky", starring Daniel Craig, Channing Tatum and Hilary Swank. He also directed "Magic Mike" and the TV movie "Behind the Candelabra".
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