Photos: Matthew McConaughey, Channing Tatum and Stars of ‘Magic Mike’ [HOTTEST PHOTOS]

By Nadine DeNinno | Aug 18, 2011 11:49 PM EDT

Matthew McConaughey has a new excuse to never put on a shirt as he is slated to join a cast of Channing Tatum, Alex Pettyfer and Matt Bomer in an upcoming movie about male strippers entitled 'Magic Mike.'

Tatum stars as 'Magic Mike,' a male dancer who poses as a mentor, showing the young Pettyfer the ropes at a strip club. Variety announced McConaughey will play the owner of Xquisite, the strip club where the men work along with Matt Bomer.

The film, loosely based on Tatum's life pre-stardom when he was a stripper at age 19, is set to be directed by Steven Soderbergh.

"When Channing talked to me about this, I thought it was one of the best ideas I'd ever heard for a movie," said Soderbergh in a statement to Entertainment Weekly. "We're using 'Saturday Night Fever' as our model, so hopefully we're on the right track."

Tatum plans to use his experience of being a stripper in Tampa to channel the role of Magic Mike. Tatum famously admitted to his former job on the Ellen DeGeneres show last year before giving DeGeneres a lap dance.

"Look, I'm not proud of it," said Tatum to Ellen. "But I'm not ashamed of it."

'Magic Mike' is set for a 2012 release date.

The Eagle

Channing Tatum stars as Marcus Flavius Aquila who arrives in Scotland from Rome to solve the mystery of the unexplained disappearance of the entire Ninth Legion in 140 AD. Joined by his British slave Esca, Marcus sets out to restore the reputation of his father who was the commander of the Ninth. The film is rated PG-13.

Source: Reuters / Danny Moloshok Date:12/23/2011
Matthew McConaughey

The “Magic Mike” hottie was once a rugged Texan who loved playing golf and tennis. The actor still hits the golf course frequently. According to Golf Digest, the actor has boasted about making four holes-in-one.

Source: Reuters / Mario Anzuoni Date:07/28/2012
Matthew McConaughey

Matthew McConaughey

Source: Flickr/Cliff1066 Date:08/18/2011
Matthew McConaughey approaching the finish line with determination

Matthew McConaughey approaching the finish line with determination. He finished fourth in the Male Celebrity Elite class, posting a time of 01:41:32.6.

Source: Flickr/Denise Cross Date:08/18/2011
'Fifty Shades of Grey' Movie Casting

Channing Tatum as Christian Grey

Source: Reuters Date:05/07/2013
Actor and nominee Channing Tatum arrives at Film Independent's Spirit Awards in Santa Monica

Actor and nominee Channing Tatum arrives at Film Independent's Spirit Awards in Santa Monica 2007.

Source: REUTERS Date:08/18/2011
Channing Tatum

Channing Tatum in Fighter

Source: Flickr/PinkMoose Date:08/18/2011
Matt Bomer

Actor Matt Bomer poses at the 68th annual Golden Globe Awards in Beverly Hills

Source: Reuters Date:08/18/2011
Matt Bomer

Matt Bomer

Source: Flickr/Vagueonthehow Date:08/18/2011
Alex Pettyfer

Alex Pettyfer

Source: Reuters Date:08/18/2011
Alex Pettyfer poses at the premiere "I Am Number Four" in Los Angeles

Alex Pettyfer poses at the premiere "I Am Number Four" in Los Angeles

Source: Reuters Date:08/18/2011
Alex Pettyfer

Alex Pettyfer

Source: Flickr/ElHormiguero Date:08/18/2011
This article is copyrighted by International Business Times, the business news leader

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