Christoph Waltz

Christoph Waltz

Inglourious Basterds star Christoph Waltz is set to play former Soviet Union leader Mikhail Gorbachev in the upcoming film Reykjavik.

Waltz will portray the Communist statesman in Mike Newell's new picture about a 1986 meeting between Gorbachev and former U.S. President Ronald Reagan, which is credited as sparking the end of the Cold War.

Michael Douglas has already signed on to play Reagan, according to

Filming is due to begin in Iceland in March (13).

Foreign policy expert Ken Adelman, who helped negotiate the peace deal, will add an element of authenticity by serving as an executive producer.