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After playing a vicious serial killer on Showtime’s “Dexter,” Edward James Olmos is in negotiations to play the villain in Universal’s “Two Guns,” which is being financed by Emmett/Furla Films.

Mark Wahlberg and Denzel Washington star as a Navy SEAL and a DEA agent, respectively, who work together despite not knowing that the each is doing so undercover. When the duo steal millions from the CIA, they discover double-crossing associates who will do anything to retrieve the money. Pic co-stars Bill Paxton as a high-ranking CIA operative and Paula Patton as a DEA agent who serves as Washington’s possible love interest.

Olmos is in talks to play Papi Greco, a dangerous Mexican druglord who runs up against the protags.

Wahlberg’s “Contraband” helmer Baltasar Kormakur is directing from Blake Masters’ script, which is based on the graphic novel from Boom! Studios.

Randall Emmett and George Furla are producing with Marc Platt, Andrew Cosby and Ross Richie.

Olmos, who recently appeared in “The Green Hornet,” will soon be seen in “Filly Brown,” the Sundance drama he exec produced that was co-directed by his son, Michael D. Olmos. Thesp is repped by CAA and Untitled Entertainment.