Back in May we reported that director Steven Soderbergh was tackling 'Magic Mike,' a story about a male stripper who befriends a young dancer and shows him how to hustle both on stage and off. The film is based on Channing Tatum's pre-acting life as an exotic dancer, and Tatum is set to star as Magic Mike, the older man.

At that time, Soderbergh had picked 21-year-old newcomer Alex Pettyfer ('I Am Number Four,' 'Beastly') for the role of the younger man, meaning that he would, essentially, play the young Channing Tatum while the real Channing Tatum would play his mentor.

Now Matthew McConaughey is set to join the production as Dallas, a former exotic dancer who now owns and operates Xquisite, the club where Magic Mike works.

This dramedy is certainly shaping up to be a trifecta of shirtless delights, setting up an impossible benchmark for any actresses inclined to take on female leads opposite those hunks (though experienced movie stripper Demi Moore is rumored to be taking a role).

Nick Wechsler and Gregory Jacobs are producing with Tatum and his 33andOut Prods. partner Reid Carolin, who's also writing the script, according to Variety.

McConaughey, meanwhile, is having a career resurgence since 'The Lincoln Lawyer': He's finishing Lee Daniels' thriller 'The Paperboy,' next stars in Richard Linklater's 'Bernie' and William Friedkin's 'Killer Joe,' and just joined 'Mud' as the title character in up-and-coming young director Jeff Nichols' film about a fugitive befriended by a young boy.

Does 'Magic Mike' sound like a male 'Burlesque' -- or do you think there's more here than meets the eye?