And for his next trick, Michael Douglas will play former president (and former actor) Ronald Reagan in the upcoming indie film 'Reykjavik' from director Mike Newell. Casting for the jelly beans is still underway.

THR reports that Michael Douglas has just signed on to play former prez Ronald Reagan in 'Reykjavik,' an indie drama once eyed by Ridley Scott. Directing duties have now fallen to Mike Newell, the man behind 'Harry Potter and the Goblet of Fire.' Douglas himself is a noted Democratic fundraiser, while Reagan was a staunch Republican with conservative values and a fondness of jelly beans.

'Reykjavik' follows Reagan over the course of a few days in 1986 when he went to Iceland to meet with Soviet leader Mikhail Gorbachev to work things out during the Chernobyl disaster. No one has yet been cast to play Gorbachev, but may we humbly suggest Dick Cheney? Comedy!

Ridley Scott will produce alongside Participant Media. Douglas is currently in front of the lens with Steven Soderbergh for 'Behind the Candelabra,' in which he plays another noted jelly bean aficionado, Liberace. Just kidding, we have no idea if he liked jelly beans, but he did like colorful shiny things, so we're making an educated guess.