04/19/2012 01:42 pm ET

'Wolf Of Wall Street': Martin Scorsese, Leonardo DiCaprio Finally Officially Reunite

"The Wolf of Wall Street," the long, long, long discussed reunion of Martin Scorsese and Leonardo DiCaprio, is finally official. According to a press release from production company Red Granite (via Deadline.com), "Wolf" -- an adaptation of Jordan Belfort's best-selling memoir -- is scheduled to start shooting in August.

If "The Wolf of Wall Street" sounds familiar, that might be because you remember when Scorsese and DiCaprio were first attached to the film in February of 2011. Scorsese replaced Ridley Scott, who was initially rumored to direct.

This will be the fifth film that Scorsese and DiCaprio have collaborated on together. The director and actor previously made "Gangs of New York," "The Aviator," "The Departed" and "Shutter Island." For those keeping score at home, Scorsese has made eight films with Robert De Niro, his muse of years past.

"Wolf of Wall Street" chronicles Belfort's fast-and-loose life as an investment banker, and his involvement in drugs, sex and fraud during the '80s and '90s.

"Everything about this film plays to Martin Scorsese’s genius and visionary storytelling," Red Granite's Riza Aziz said in a statement. "At its heart, 'The Wolf of Wall Street’ is about the rise of new 'modern' gangsters in New York. Wall Street gangsters that redefined excess, greed and arrogance. We’re excited to see Mr. Scorsese take the reins of this visceral, tumultuous ride."

Terrence Winter ("Boardwalk Empire") wrote the screenplay adaptation.

[via Deadline.com]

PHOTOS: Leonardo DiCaprio Through the Years