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Oscar winner Michael Douglas has been diagnosed with a throat tumor and the brave actor is taking the news head on.

Michael is seeking immediate treatment, his rep told E! News.

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The actor will undergo eight weeks of radiation and chemotherapy, according to publicist Allen Burry, via E! news.

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It has not been released whether the lump in Michael’s throat is benign or malignant; however, his doctors are optimistic that the actor will make a full recovery.

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Michael will soon hit the silver screen, returning to his role as mogul Gordon Gekko — for which he won an Academy Award — in the sequel Wall Street 2: Money Never Sleeps, hitting theaters Sept. 24.

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