Weisz would portray Emma, who is having an affair with her husband's best friend. Craig would portray Robert, her husband. Potential casting for the role of the friend, Jerry, was not reported.
The Daily Mail also reports that Weisz has been considering a revival of David Hare's Plenty for next season Off-Broadway at the Public Theater.
Nichols recently staged the celebrated Broadway revival of Death of a Salesman.
Craig ("Skyfall," "GoldenEye," "Casino Royale," "The Girl with the Dragon Tattoo") last appeared on Broadway in A Steady Rain. Betrayal would mark Weisz's Broadway debut. Her films include "Oz the Great and Powerful," "The Bourne Legacy," "The Constant Gardener" and "The Shape of Things."
Holed up in a seedy motel on the edge of the Mojave Desert, two former lovers unpack the deep secrets and dark desires of their tangled relationship, passionately tearing each other apart. Led by director Daniel Aukin (Back Back Back at MTC, 4,000 Miles), Tony winner Nina Arianda (Venus in Fur at MTC, Born Yesterday) and Sam Rockwell (A Behanding in Spokane, The Way Way Back) bring an explosive intensity to Sam Shepard’s (Buried Child, True West) landmark myth of the new Wild West.