In August, we reported that Michael Douglas was set to play Ronald Reagan in Mike Newell‘s Reykjavik. The movie takes place in 1986 during the time Reagan and Soviet leader Mikhail Gorbachev went to the Icelandic capital to work out a peace deal, with the devastating backdrop of Chernobyl. Today, Variety reports that Christoph Waltz has nabbed the role of Gorbachev. Hopefully, screenwriter Kevin Hood has turned in a strong script because it could be great seeing Douglas and Waltz play off each other. Filming is set to begin in March 2013.