Channing Tatum -- who worked as an exotic dancer at an all-male revue in 1999 -- has signed on to star in Steven Soderbergh's Magic Mike, a film about a male stripper and his protege.

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"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, 31, said in a statement (via The Huffington Post).

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Soderbergh is equally excited about the project. "When Channing talked to me about this, I thought it was one of the best ideas I'd ever heard for a movie," the Oscar-winning director said. "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."

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