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Actor Michael Douglas has recently been diagnosed with throat cancer.

The A-list actor, who has starred in various films that include Wall Street and Traffic was also notorious for his heavy smoking habits.  Douglas’s rep released a statement this past Monday confirming that he does have a tumor and is seeking immediate treatment.

In order to eliminate the cancer, Douglas will undergo 8 weeks of radiation and chemotherapy.   His rep also released as statement revealing that his cancer is likely curable.

“I am optimistic” Douglas said in a recent statement.  Douglas can be seen in theaters this fall for the Wall Street sequel with costar Shia LeBeouf.