The much-discussed Wall Street sequel is getting closer to launch, EW has learned. Michael Douglas will return as corporate raider Gordon Gekko, the role for which he won the 1987 Best Actor Oscar, and Oliver Stone will be back as the director of the followup to the movie that put the phrase “Greed is good” into the popular lexicon. Shia LaBeouf is in talks to play a young trader in Wall Street 2, which is set 20 years after the first installment. The film’s plot will revolve around Gekko’s life after he gets out of jail during the current economic climate. “I think it’s time to take another hard look at trading and the economy and what went wrong in the last few years,” said Douglas Monday night during the premiere of Ghosts of Girlfriends Past. “Everybody’s talking about the economy and people are scrutinizing it. Whenever I mention Wall Street 2, everybody goes, ‘Yeah. Interesting. I’d see that.'” Edward R. Pressman is producing the film, whose latest screenplay draft was written by Allan Loeb (21). (Additional reporting by Carrie Bell)