Matthew McConaughey In 'Magic Mike': Playing Ex-Stripper

After buttoning up in suit and tie in "The Lincoln Lawyer," Matthew McConaughey may be headed back for the wardrobe he knows best: nothing at all.

Variety reports that McConaughey has signed on for "Magic Mike," the stripper buddy drama flick that will be directed by Oscar-winner Steven Soderbergh. The film will star Channing Tatum as an experienced stripper who takes new boy Alex Pettyfer under his wing, in a story inspired by Tatum's time working the pole back before he became an acclaimed actor.

McConaughey will play the oldest of three generations of strip artists, a former dancer named Dallas who now owns the club at which Tatum and Pettyfer work.

"This was a wild and pivotal time in my life and I couldn't be more thrilled to go down the rabbit hole with Steven," Tatum said in a statement announcing the film back in April.

"When Channing talked to me about this, I thought it was one of the best ideas I'd ever heard for a movie," the Soderbergh concurred. "I said I wanted in immediately. It's sexy, funny and shocking. We're using Saturday Night Fever as our model, so hopefully we're on the right track."

McConaughey also just signed on for the thriller "Mud," playing an escaped prisoner on the run, with Reese Witherspoon.