Official: Martin Scorsese, Leonardo DiCaprio Team Up for 'The Wolf of Wall Street'

Larry Busacca/Getty Images for Giorgio Armani

The director and his actor-muse will reunite on the film about a troublemaking banker.

Martin Scorsese is partnering with his muse, Leonardo DiCaprio, on The Wolf of Wall Street, their fifth film collaboration.

The movie is based on Jordan Belfort's 2008 memoir about his hedonistic run on Wall Street as a risk-taking, drug-using, high-level investment banker. DiCaprio will, of course, portray Belfort.

The Scorsese-DiCaprio reteaming had been rumored for months but was made official in an announcement on Thursday.

Riza Aziz and Joey McFarland of Red Granite Pictures, which owns the rights to the book, will produce with DiCaprio and Jennifer Killoran's Appian Way, Scorsese and Emma Koskoff's Sikelia Productions and Alexandra Milchan's EMJAG Productions. Irwin Winkler and Georgia Kacandes will executive produce.

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"Everything about this film plays to Martin Scorsese’s genius and visionary storytelling," said Aziz in a statement. "At its heart, 'The Wolf of Wall Street’ is about the rise of new 'modern' gangsters in New York. Wall Street gangsters that redefined excess, greed and arrogance. We’re excited to see Mr. Scorsese take the reins of this visceral, tumultuous ride."

Production begins August in New York, with a screenplay adapted by Terence Winter (The Sopranos, Boardwalk Empire).