Michael Douglas to Play Ronald Reagan

NEW YORK, NY - SEPTEMBER 14: Michael Douglas and designer Michael Kors attend the Michael Kors Spring 2012 fashion show during Mercedes-Benz Fashion Week at The Theater at Lincoln Center on September 14, 2011 in New York City. (Photo by Dimitrios Kambouris/WireImage) Photo: Sylvain Gaboury/Patrick McMullan

Ronald Reagan: so hot right now! (And it's not just because of the RNC.) Alan Rickman is currently playing Reagan for the Lee Daniels drama The Butler, and now, THR reports that Michael Douglas has signed on to play the former president in Mike Newell's Reykjavik, a $10 million indie set in 1986 when Reagan and Gorbachev had a productive spa week in Iceland to figure out peace accords. There's no Gorbachev cast yet, but can we suggest Annette Bening, who has prior experience with Douglas as an American president?