Michael Douglas in talks to play Ronald Reagan

Actor in talks to play the 40th President in a new movie about Reagan and Soviet statesman Gorbachev

Michael Douglas is in talks to play former US President Ronald Reagan in a new movie called Reykjavik.

Reykjavik will focus on a historically significant meeting between Reagan and Soviet statesman Mikhail Gorbachev in the Icelandic capital city in 1986. The leaders met for peace talks following the Chernobyl nuclear disaster.

Ridley Scott was initially planning to direct the film, but will now serve as one of its producers instead. According to The Hollywood Reporter, Four Weddings And A Funeral director Mike Newell is now in talks to helm the movie. The film’s script has been written by Kevin Hood, whose previous credits include Jane Austen biopic Becoming Jane.

Producers are currently searching for an actor to play Gorbachev, who served as leader of the Soviet Union from 1988 to 1991. Reagan became the 40th President of the United States in 1981 and remained in the Oval Office until 1989. He passed away in 2004 at the age of 93.

Douglas’s recent film credits include 2011 action movie Haywire and Gordon Gekko sequel Wall Street: Money Never Sleeps, which came out in 2010. The actor, 67, is also set to play flamboyant pianist Liberace in a film biopic called Behind The Candelabra.