He might be considering a plea bargain, says one newspaper.

Anne Hathaway's ex Raffaello Follieri, who was arrested last month on wire fraud and money laundering charges, might be looking to cut a deal with prosecutors, the New York Post reports.

"Follieri is in plea discussions," Assistant U.S. attorney Jennifer Burns said Wednesday, according to the paper.

The 29-year-old's lawyer, Flora Edwards, wasn't entirely convinced of that, though. "I'm certainly not saying that, and I'm not sure it's appropriate," she said in response to Burns' comment. "As far as I'm concerned, we're looking forward to our day in court."

Follieri is also accused of misappropriating hundreds of thousands of dollars of investor money to live a posh lifestyle, which included a Manhattan apartment leased for approximately $37,000 a month.

He is currently in jail until he can post a whopping $21 million bail. If convicted, he could face 20 years in prison.