Director Steven Soderbergh is set to retire, but that doesn't look like it will happen anytime soon. Not only is he scheduled to next direct the Untitled Liberace Project biopic with Matt Damon and Michael Douglas, he has now set his sights on directing Channing Tatum in the coming-of-age male stripper drama Magic Mike.

Magic Mike is based on Channing Tatum's own experiences as a nineteen year old male stripper. The story will look at the friendship that grows between a stage vet and a younger dancer he takes under his wings during one wild summer of partying. Reid Carolin, who served as an associate producer on Channing Tatum's Stop Loss, will pen the screenplay.

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Steven Soderbergh had this to say about the movie.

"When Channing talked to me about this, I thought it was one of the best ideas I'd ever heard for a movie. 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."

Before Magic Mike, Steven Soderbergh will first direct Untitled Liberace Project, and then shoot The Man from U.N.C.L.E. starring George Clooney. He also has two films currently awaiting release in Haywire, which arrives this August, and Contagion, which hits in October.