01/13/2011 06:49 am ET Updated May 25, 2011

Michael Douglas Returning To Work

Now cancer free, Michael Douglas is ready to get back to the business of Hollywood, preparing for award shows and doing research for his next role as the flamboyant showman Liberace.

"I've been watching a lot of tapes of him," Douglas, 66, tells PEOPLE. "He wasn't the greatest dancer nor the greatest singer, but he was a great pianist and entertainer."

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