Webb, 38, a former music video director who shot to prominence in 2009 with Fox Searchlight's "(500) Days of Summer," owed Fox another film based on his original contract.
Fox has acquired Cold Comfort (aka How to Catch a Russian Spy) with Marc Webb attached to direct.
The upcoming book is from Ellis Henican, a columnist at Newsday and Fox News Channel political analyst. Scribner will publish the book.
STORY: SXSW: Marc Webb Added to Keynote Lineup
The story follows a man who convinces the FBI to let him conduct a sting against a top Russian spy.
Michael Sugar, Webb and Bard Dorros are producing.
Henican co-wrote Home Team, a New York Times best-seller recounting the story of the New Orleans Saints’ rise to a Super Bowl championship, and Damn Few: Making the Modern SEAL Warrior, which hit stores in January.
Webb most recently helmed The Amazing Spider-Man, starring Andrew Garfield, and will return to helm the sequel The Amazing Spider-Man 2. He’s repped by Anonymous Content and Lichter, Grossman.
E-mail: Rebecca.Ford@THR.com
Twitter: @Beccamford
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