Beware! Leonardo DiCaprio is The Wolf of Wall Street

Leonardo DiCaprio and Martin Scorsese just can't stay away from each other. The actor-director duo are reuniting for another dramatic film. This time, they're tackling the big screen adaptation of the memoir, The Wolf of Wall Street.

The book was written by Jordan Belfort and recalls his tumultuous time "as a risk-taking, drug-using, high-level investment banker" in New York City.

DiCaprio will play Belfort in the film, which will mark his fifth feature collaboration with Scorsese.

The Wolf of Wall Street has been a hot topic for months, and many suspected that DiCaprio would star, but nothing was set in stone -- until today.

According to The Hollywood Reporter, the film and the actor's involvement are now official.

Riza Aziz and Joey McFarland of Red Granite Pictures will produce The Wolf of Wall Street and are ecstatic about bringing Belfort's story to life.

"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 on The Wolf of Wall Street begins in August with a screenplay adapted by Terence Winter. Winter is best known for his work on HBO's The Sopranos and Boardwalk Empire.

Over the past decade, Scorsese has directed DiCaprio in Gangs of New York, The Aviator (Howard Hughes biopic), The Departed and Shutter Island. The Wolf of Wall Street is in good company.

Photo credit: PNP / WENN