The fictional character, originally played by Michael Douglas in a contrast-collar shirt and braces, will return in a new film being made by 20th Century Fox.
The sequel, to be written by stockbroker-turned-scriptwriter Allan Loeb, will see Gekko released from prison following his 1980s crimes and attempt to recapture his glory days.
The film will draw inspiration from the credit crunch and the moneymaking scheme of hedge fund tycoon Bernard Madoff, who is currently accused of a £3bn investment fraud.
Douglas, who won an Oscar for the iconic role, says he would consider playing Gekko again but would wait to see the script before making a final decision.
Other films in development include a new version of F. Scott Fitzgerald's The Great Gatsby from Australia director Baz Luhrmann, a documentary about the Wall Street crimes by controversial film-maker Michael Moore and a new movie called Minimum Wage that tells the story of a ruthless executive forced to live on basic income in the community he helped to bankrupt.
Wall Street, directed by Oliver Stone, featured Charlie Sheen as keen young stockbroker Bud Fox seeking his fortune in New York acting under the influence of unscrupulous company boss Gekko. It is widely viewed as a criticism of quick-money schemes that characterised the 1980s.
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