While Michael Douglas stole our hearts as President Andrew Shepard in “The American President,” it looks like the actor is now going back to The White House.

According to The Hollywood Reporter, Doulas is in talks to play President Ronald Reagan in the upcoming indie film, “Reykjavik.” Set over the course of a few days in 1986, the film centers on the peace talks between Reagan and Soviet leader Mikhail Gorbachev during the wake of the Chernobyl disaster. (Alternate title: “When Reagan met Gorbachev.”)

Ridley Scott is set to produce the film with Mike Newell (“Harry Potter and the Goblet of Fire”), who is in talks to direct. The role of Gorbachev has yet to be cast.

“Reykjavik” will be financed by Participant Media, who backed the award-winning environmental documentary “An Inconvenient Truth.”

This film isn’t the only upcoming project that features an actor portraying Reagan. In “The Butler,” Alan Rickman will play the late president (Jane Fonda is set to play his wife, Nancy).

[via THR]

Earlier on Moviefone:

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