Barrymore has been made a producer on the Warner Bros project, and she'll supervise the writing. Whip It novelist and screenwriter Shauna Cross will adapt the novel, which found itself in the eye of a bidding storm last year.
The plot sees a young woman from a family of master thieves turn her back on her inherited lifestyle.
She's drawn back into the game when her father is accused of pinching a gangster's art collection, and she puts together a team in an attempt to steal the missing goods back.
The film version will see the characters' ages increase a little to become early-twentysomethings.
According to The Hollywood Reporter, Barrymore is signed to direct How To Be Single, which she will complete before starting work on Heist Society. There's currently no word on whether she's expected to star in either of these projects.
Barrymore has been linked to Surrender Dorothy, one of many Wizard Of Oz spin-offs in pre-production, though looking at her schedule, it appears that one has been moved firmly onto the backburner.
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