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Marty & Leo Howl For 'The Wolf of Wall Street'

Martin Scorsese and Leonardo DiCaprio
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UPDATE: Martin Scorsese and Leonardo DiCaprio will officially collaborate for the fifth time on "The Wolf of Wall Street," according to Deadline.

News that Marty and Leo would probably be working together on the adaptation of Jordan Belfort's memoir of his days as a hard-partying, drug-addicted stockbroker (one who was indicted in 1998 for security fraud and money laundering) was announced over a year ago, though nothing was set in stone until now.

Previous Scorsese/DiCaprio collaborations include "Gangs of New York" (2002), "The Avitator" (2004), "The Departed" (2006) and "Shutter Island" (2010). They took a break from each other with last year's "Hugo" but they're back -- and in New York, at that.

Filming on "The Wolf of Wall Street" is set to commence in August.

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Thank goodness -- they were probably going into withdrawal!

Martin Scorsese and Leonardo DiCaprio took a break from working with each other when Marty took on "Hugh Cabret," the upcoming 3-D children's adventure that had roles for Jude Law and Michael Pitt but apparently not for the director's usual collaborator.

Never fear, though -- the duo are set to reunite for their fifth film together with "The Wolf of Wall Street," according to Vulture.

Scorsese was attached to the film adaptation of Jordan Belfort's 1990 bestseller once upon a time but dropped out at some point along the way, making room for Ridley Scott to step in as director.

However, Ridley has dropped out now that he's doing his sci-fi extravaganza, "Prometheus," and Marty is once again on board, with Leo set to star as a drug-, alcohol- and sex-addicted brokerage firm operator who goes from a multi-millionaire in the '80s to a federal convict banned from the securities business for life in 1994.

Whew! We're glad Marty and Leo are back together. That was a close one.

Production on "The Wolf of Wall Street" is set to begin in June.

Originally published on Wednesday, Feb. 16, 2011 at 9:05 p.m.

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