Netflix has ordered the concept from a crew of Hollywood players who know their way around a political scandal story.
Clooney's production company, Smokehouse Pictures, is working on the project with British screenwriter Matt Charman, Clooney's publicist also confirmed. We hear that each episode of Watergate would focus on an individual surrounding the 1970s scandal such as former Attorney General John Mitchell and Richard Nixon counsel John Ehrlichman.
Charman was nominated for best orignal screenplay for the 2015 film "Bridge of Spies", which was directed by Steven Spielberg and co-written with Joel and Ethan Coen.
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The scandal began in 1972 following the break-in of five men at the Democratic National Committee (DNC) headquarters at the Watergate hotel in Washington, D.C, which following his attempts to cover it up, ultimately led to President Nixon's resignation.
Nixon resigned from office in 1974 amid impeachment proceedings in Congress.
News broke last month that Clooney was developing and starring in a TV adaptation of darkly comic World War II novel Catch-22.
George Clooney is taking on Watergate.