(Stephen Frears)
Stephen Frears said Welshman Michael Sheen had been lined up to play the lead role because he "looks like him".
Based on the novel The Damned Utd, the film will examine Clough's turbulent 44 days in charge of Leeds United in 1974. Speaking at the Ffresh film festival in Aberystwyth, Frears also said he was surprised by The Queen's success.
Frears said there was a "strong likelihood" the film about Clough would be made and hoped to start shooting it at the end of the year. He added that it would be based on David Peace's "wonderful book" about the legendary manager, and written by Peter Morgan, who wrote The Queen.
(Brian Clough)
But his reputation for aggressive management soon got him into trouble, and he was sacked after only 44 days when the players mutinied. He died in 2004.
"I'm hoping to make a film about Brian Clough at the end of the year based on a wonderful book I came across," said Frears. "The truth is that it hasn't been written yet. Peter Morgan is writing it, and with luck we will make it." He added: "There's a strong likelihood I'm going to be doing it. "I know Michael Sheen is going to play him (Clough) because he looks like him."
(Michael Sheen)
'Casting'
"I don't know why it's so popular other than it's the most brilliant film," he joked. "It was mainly about driving around in Scotland and was an unremarkable film to make." The drama centres on the Royal family's reaction to the death of Princess Diana in 1997.
The Queen has already secured six Oscar nominations, including one for Frears as best director and another for its star, Dame Helen Mirren. It was nominated for 10 Baftas and won two for best picture and best actress for Dame Helen, adding to her Golden Globe.
Frears went onto say what he thought made a successful film. "Helen Mirren playing the Queen is the best piece of casting in the world," he said. "By casting her most of the work had been done. The trouble starts when you get the casting wrong."
Speaking to BBC News later, he praised Sheen' s work. "He has some quality in him, some very precise quality, and he has caught people's imagination playing people like Blair and David Frost," he said.