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The pair will reportedly be reuniting on the big screen for a fifth time.
The actor and director have previously worked on acclaimed films such as The Departed and Gangs of New York and they'll reportedly join forces yet again for an adaptation of Jordan Belfort's memoir The Wolf of Wall Street.
The Wolf of Wall Street tells the true story of a drug-addicted stockbroker who became a multimillionaire by the age of 26 before being jailed in a federal prison for security fraud and money laundering.
DiCaprio recently finished filming his part in Baz Luhrmann's adaptation of The Great Gatsby, which will be released on Christmas Day.
Scorsese's most recent movie took home an impressive five gongs at the Oscars, equalling the Artist's haul.