'Wall Street 2' in the works

LOS ANGELES, April 28 (UPI) -- U.S. actor Shia LaBeouf is in talks to co-star with Michael Douglas in Oliver Stone's sequel to his 1987 ode to greed "Wall Street."

Variety.com reported Twentieth Century Fox confirmed the news Tuesday.

Douglas picked up an Academy Award for his portrayal of Wall Street titan Gordon Gekko in the original film. He is expected to reprise his role in the second movie, while LaBeouf could portray a young trader similar to the one Charlie Sheen played in the first picture.

"Things We Lost in the Fire" and "21" writer Allan Loeb is penning the screenplay, which will reflect the current economic climate, Variety.com said.

Stone recently directed the President George W. Bush bio-picture "W." Douglas will be seen this week in the romantic comedy "Ghosts of Girlfriends Past" and LaBeouf recently worked on the sequel to his blockbuster "Transformers."