Michael Douglas’ next role might be pulled from the history books.

According to the Hollywood Reporter, Douglas is in talks to play former President Ronald Reagan in a film called “Reykjavik.”

The independent project centers on the 1986 nuclear arms discussions held between Reagan and Soviet Union leader Mikhail Gorbachev in the titular capital of Iceland.

Ridley Scott, now serving as a producer on the film, at one point was considering directing, but at the moment Mike Newell is reportedly in talks to helm the $10 million project.

THR notes that “Reykjavik’s” producers are still looking for an actor to play Gorbachev – any thoughts on casting?