Transformers star LaBeouf is set to play an ambitious trader who is engaged to Gekko's daughter, while Bardem will take on the role of a risk-taking hedge-fund manager.
The original film's stars received mixed reviews. Douglas won an Oscar for Best Actor for the movie while Daryl Hannah's performance earned her a Razzie Award for Worst Supporting Actress.
Wall Street 2 is slated to begin filming in August.
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