Check out the latest casting news below:

• Frank Langella (Frost/Nixon) has signed on for director Mike Newell’s political drama Reykjavik as Paul Nitze, the U.S. Secretary of the Navy and Ronald Reagan’s senior adviser.
• Kevin Durand (Real Steel) reunites with Devil’s Knot director Atom Egoyan for Queen of the Night, starring Ryan Reynolds, Mireille Enos, Scott Speedman, Rosario Dawson and Alexia Fast.
• Cody Horn (End of Watch) joins the untitled thriller written by James Wan (Insidious) and directed by Will Cannon (Brotherhood).  The paranormal pic already stars Frank Grillo (The Grey) and Maria Bello (A History of Violence).

Hit the jump for more on each picture.

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.

Waltz will next be seen this Christmas in Quentin Tarantino‘s Django Unchained.  The Oscar-winning actor is also attached to star in Terry Gilliam‘s The Zero Theorem.

Already set to play Liberace in the Steven Soderbergh biopic Behind the Candelabra as well as star in the upcoming comedy Last Vegas, a busy Michael Douglas has added a third major role to his slate by signing on to play the former actor who became the 40th U.S. President, Ronald Reagan in Reykjavik.  Director Mike Newell (Harry Potter and the Goblet of Fire) is likely to take on the film that was once a Ridley Scott-led project.

Reykjavik 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.  (Gorbechev has not yet been cast).  For more on the film, hit the jump.

If you’re wondering how Ridley Scott keeps so busy, it’s because he’s attached to about 5,236 different project at any one time.  That’s how he’s come out with eight films in the last ten years.  While we won’t be getting a Scott film this year, he’s currently hard at work at the Alien-prequel-but-not-an-Alien-prequel, Prometheus.  He’s also continuing to attach himself to new movies, the latest being the Cold War drama Reykjavik.

ScreenDaily reports that the film, written by Kevin Hood (Becoming Jane), “is about the meeting between US president Ronald Reagan and Soviet leader Mikhail Gorbachev in the mid-1980s which helped bring about the end of the Cold War.”  Headline Pictures will develop along with Participant Media.  Hit the jump for a refresher on other movies Scott might make once he’s finished with Prometheus, which opens in 3D on June 8, 2012.