Bruce Willis and Sylvester Stallone aren’t the only ’80s icons hoping to relive earlier glories. Eddie Murphy — who’s currently generating Oscar buzz for his showy turn as an R&B singer in Paramount’s Dreamgirls — is slated to return as Detroit cop Axel Foley for a fourth installment of the Beverly Hills Cop series. The Paramount project is being spearheaded by Murphy and Transformers producer Lorenzo di Bonaventura, who are currently auditioning screenwriters. Cop may not seem a natural franchise to dust off — while the 1984 original and its 1987 sequel grossed $235 million and $154 million domestically, 1994’s costly follow-up fell flat with $43 million. But producers are confident the in-demand Murphy can deliver the goods: In addition to Dreamgirls, Shrek the Third and Norbit arrive in 2007, and the actor has three other movies in preproduction. And while Jerry Bruckheimer isn’t involved this time around, we’ll go out on a limb and guess that Judge Reinhold is available.