Will Ferrell to play Ronald Reagan in new movie

Will Ferrell will play Ronald Reagan in a new movie.

The 48-year-old actor will star as the former US President in 'Reagan', which is being developed for the big screen by Will's production company Gary Sanchez Productions from a Black List script by Mike Rosolio.

According to the script's logline: "When Ronald Reagan falls into dementia at the start of his second term, an ambitious intern is tasked with convincing the Commander-In-Chief that he is an actor playing the President in a movie."

Along with taking on the starring role, Will is also set to produce the movie.

Meanwhile, it was recently revealed that Will and Mark Wahlberg are reuniting for a 'Daddy's Home' sequel.

The duo are reprising their roles as straight-laced stepfather Brad Whitaker (Will) and bad boy dad Dusty Mayron (Mark) who compete for their kids' affections.

'Daddy's Home' came out in cinemas last December and was a huge box office success banking a total of $240.4 million, making it Will's highest-grossing live-action film.

The performance in cinemas convinced Paramount Pictures to sanction a sequel.

In the original film, 48-year-old Will's kind-hearted Brad is a radio host desperate to win over his two stepchildren but his plans are knocked off track when their biological father Dusty returns home on a cool motorbike with a sack load of presents and a mission to win his family back.