Leonardo DiCaprio & Martin Scorsese: 'Wolf of Wall Street'!

Leonardo DiCaprio and Martin Scorsese are teaming up for their fifth collaboration, The Wolf of Wall Street.

The frequent collaborators will team up for an adaptation of a memoir of a “hard partying, drug addicted stockbroker who was indicted in 1998 for security fraud and money laundering and served a 22-month federal prison stretch.”

PHOTOS: Check out the latest pics of Leonardo DiCaprio

Deadline reports that filming will begin in August in New York.

In the past, Martin and Leo have worked together on Gangs of New York, The Aviator, The Departed, and Shutter Island.