Reunited and it feels so good!

To say J. Edgar was a misfire is an understatement. The film was pounded by critics, and barely received any audience approval either, which all culminated in the film being completely snubbed from the Oscars. Martin Scorsese, on the other hand, had a hell of a year, raking in five wins for Hugo, and even earning a Best Picture nod as well. So, after Leonardo DiCaprio’s “close but no cigar” moment, it seems he’s going where he knows it best, and on a project he’s had his eye on for sometime.

Deadline reports that Scorsese and DiCaprio will reunite forThe Wolf on Wall Street, which is set to go into production this August. The film’s script was snatched up by Red Granite Pictures last year at Cannes, and will fully finance the film. Scorsese will produce, and shooting is scheduled to take place in New York.

The film is from the memoir of Jordan Belfort, who spent “his days as a hard partying, drug addicted stockbroker who was indicted in 1998 for security fraud and money laundering and served a 22-month federal prison stretch.”

The script comes from The Sopranos and Boardwalk Empireexecutive producer Terrence Winter, who will polish the script before August. This will also be the director and actor’s fifth collaboration together, after being a one-two combo in The Aviator, The Departed, Gangs of New York, and Shutter Island.

This will be Scorsese’s next project, while DiCaprio is set to return to the big screen around the Holidays as he stars in Baz Luhrmann’s The Great Gatsby.