According to The Los Angeles Times , Wall Street 2 is officially a go. Oliver Stone will direct, and Michael Douglas will reprise his role as Gordon Gekko. The studio is currently in negotiations with Shia LaBeouf

to play the younger Wall Street trader, in what is described as an updated version of the character Charlie Sheen played in the original film. The film was originally going to be named Money Never Sleeps, but that has been dropped.

As previously reported, Allan Loeb, writer of 21, wrote the most recent screenplay, which will follow Gordon Gekko’s character, who has just been released from prison after serving a 14-year sentence in jail for insider trading and securities fraud. Gekko embarks on the financial lecture circuit, after releasing a book called “Moral Hazzard,” and meets a young Wall Street hot shot, Jacob L. Moore. Moore’s mentor has just committed suicide, after his former company, KZI was destroyed. A trader named Brenton Woods is behind the downfall of the company, and Moore seeks out the help of Gekko to get revenge. But in return for Gekko’s help, Moore must reunite Gekko with his estranged daughter, who he is engaged to.

We can’t wait for the film, until then, enjoy this classic clip from Wall Street, the famous “Greed is Good” speech: