• BREAKING NEWS ABC shows live and on-demand -- Download the WATCH ABC app!

OTRC: Michael Douglas cast as Ronald Reagan in 'Reykjavik' - Poll

Michael Douglas appears in the 2011 film 'Haywire.' / Official presidential portrait of President Ronald Regan. (Relativity Media / Whitehouse.gov)

Michael Douglas has been cast to play former President Ronald Reagan in an upcoming film.

The 67-year-old actor will portray the 40th president of the United States in the indie film "Reykjavik," according to The Hollywood Reporter.

The movie takes place in 1986 during a few days when former President Reagan and Soviet leader Mikhail Gorbachev met for peace talks in Iceland after the Chernobyl disaster.

The role of Gorbachev has not yet been cast. "Harry Potter and the Goblet of Fire" director Mike Newell is reportedly in talks to direct the film, which is scheduled to start shooting in March 2013 in Germany.

In the past, Reagan has been played by actors like Reginald Green in "The Iron Lady," Fred Ward in the 2005 film "Farewell," and James Brolin in the 2003 made-for-TV film "The Reagans." Phil Hartman impersonated the former president on "Saturday Night Live" and Alan Rickman will portray him in the upcoming film "The Butler."

Douglas is currently filming the HBO Liberace biopic "Behind the Candelabra" with Matt Damon. Damon will play Scott Thorson, a man who was rumored to be Liberace's live-in lover.

Liberace, known for his flashy outfits as much as his music, never revealed his sexual orientation and successfully sued the UK tabloid The Mirror for implying he was gay in a 1956 article. Steven Soderbergh is the director of the film.

What do you think of Douglas being cast as President Ronald Reagan? Vote in our poll below!

(Copyright ©2018 OnTheRedCarpet.com. All Rights Reserved.)