The Hollywood Reporter says that Michael Douglas is in discussions to star as Ronald Reagan in Reykjavik. Mike Newell is in talks to direct from a screenplay by Kevin Hood.

The story takes us back to 1986, when Reagan met with Soviet leader Mikhail Gorbachev for talks in the Icelandic capital of Reykjavik to work out a peace agreement against the backdrop of the Chernobyl nuclear disaster. Shooting is scheduled to begin in March in Germany.

Source:screencrush.com

Douglas’ upcoming credits include Steven Soderbergh’s Liberace biopic, Behind the Candelabra, and the comedy Last Vegas with Robert De Niro, Morgan Freeman and Jack Nicholson.