Michael Douglas: Gearing up for “Wall Street 2”

He was spotted at the Los Angeles premiere of his latest film “Ghosts of Girlfriends Past” earlier this week. And it sounds like Michael Douglas has another exciting project in the works.

The “Perfect Murder” actor is said to be gearing up to work with director/producer Oliver Stone for a sequel to his infamous “Wall Street” film.

Douglas won an Oscar for his role as Gordon Gekko in the 1987 financial thriller, and he recently told Ellen Degeneres that the new flick will be just as killer.

"It starts up a couple years ago. Gordon Gekko has just got out of jail and we kind of deal with all the issues that are going on now. It's an excellent script. I'm really excited about it. There's going to be some exciting casting news coming up in the next couple of weeks, which I can't say yet."

Rumor has it that the ‘exciting casting news’ could include Shia LaBeouf as a supporting actor. Stay linked to the Gossip Girls and we’ll let you know first.