Report: Michael Douglas to Play Liberace in New Film

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Michael Douglas is set to play flamboyant entertainer Liberace in a new movie, Variety reports.

The star will play the rhinestone-outfitted pianist in a film directed by Steven Soderbergh. Douglas starred in Soderbergh's 2000 movie "Traffic," the paper said.

Matt Damon is reportedly in discussions to play Scott Thorson, a man who claimed to be Liberace's five-year companion and who sued the pianist in 1982 for $113 million in palimony, Variety said. That suit was settled for $95,000 four years later.

Liberace died from AIDS complications in 1987 at the age of 67.

Click here to read the full report in Variety.