In an interview with Live For Films, McGuigan revealed that he's developing a seven episode television thriller alongside Morrison and actor Stephen Fry, who comic book fans will remember as talk show host Gordon Deitrich in "V for Vendetta."
"It takes place over seven days around an event that happens in Scotland," said the "Push" filmmaker. "It's a modern take on an old fable or fairy story. If you know [Grant's] work you might have an idea of what it will be like. It's like Twin Peaks meets Brigadoon! It's off the wall and smart but in a watchable commercial way. It's still in the early stages but I'm very excited about it."
According to McGuigan, the project stems from his longtime friendship with Morrison. He revealed: "Me and Grant have been friends for a while and we wanted to do something together and Grant went off and wrote a treatment, so it's at the treatment stage at the moment."
The filmmaker also offered an update on "Deathlok," the Marvel Comics character he was once linked to adapt for film.
"Deathlok was just taking too long in development," he said. "David Self wrote it and it was a great script, the hardest thing [about] Deathlok and this sounds crazy but was to get the idea of Knight Rider out of my head! Just couldn't get over that. I really wanted to do that film but I had to put on the backburner."
Tell us what you think of McGuinan's collaboration with Morrison and his thoughts on "Deathlok" in the comments or on Twitter!