Both films pick up after the formative Guevara years captured in the Walter Salles-directed "The Motorcycle Diaries" in 2004.
First film, "The Argentine," begins as Che and a band of Cuban exiles (led by Fidel Castro) reach the Cuban shore from Mexico in 1956. Within two years, they mobilized popular support and an army and toppled the U.S.-friendly regime of dictator Fulgencio Batista.
The second film, "Guerrilla," begins with Che's trip to New York, where he spoke at the United Nations in 1964 and was celebrated in society circles.
Benicio Del Toro will play Guevara, and Javier Bardem, Franka Potente and Benjamin Bratt are in talks to play key roles. Producer is Laura Bickford, who began working on the project with Del Toro and Soderbergh right after they made "Traffic" together.