02/17/2011 07:27 pm ET Updated May 25, 2011

Scorsese And Dicaprio Make New Film

Martin Scorsese and Leonardo DiCaprio will team up once again, reports New York Magazine, this time for an adaptation of Jordan Belfort's 2007 memoir "The Wolf of Wall Street" which

follows a drug-, alcohol-, and sex-addicted brokerage firm operator's rise and fall -- from multi-millionaire twentysomething in the go-go eighties to federal-convict thirtysomething banned from the securities business for life in 1994.

His fellow Boardwalk Empire executive producer, Terence Winter, wrote the screenplay. The celluloid adaptation, entitled "The Life of Hugo Cabret, Wolf of Wall Street," is set to shoot this summer. Scorsese has worked with DiCaprio before on "Gangs of New York," "The Aviator," "The Departed," and "Shutter Island" to great acclaim, establishing one of the great modern director-actor relationships. The film can be expected as early as June 2012.