Thanks to UKpondside for the link:
Bleeding Cool has run snipits of a screen play for Suicide Squad. Whether this will be pulled into Arrow, or act as a stand alone movie/TV thing is yet to be seen.
Makes me think back to the story here I posted two days ago where I mentioned this:
The incarnation of the team they are talking about is made up of Block Buster, Bronze Tiger, Captain Boomerang, Deadshot and Enchantress. They first appeared in DC Legends #3 .
DC Legends #3 1st Modern Suicide Squad goes for between .99 cents and $3 on eBay.