20th Century Fox is moving forward with a sequel to 1987's Wall Street, with Allan Loeb (21) set to pen the screenplay. The project is being fast-tracked by the studio as a Michael Douglas starring vehicle, however the actor is not officially attached.

According to Variety, the modern-day story will again center on Gordon Gekko, who has recently been sprung from prison and re-emerges into a much more tumultuous financial world than the one he once lorded over. The Bud Fox character, played by Charlie Sheen in the original, will not appear in the latest incarnation.

Edward R. Pressman, who produced the Oliver Stone-directed film, is aboard to produce.

No production date has been set.