Submitted by: kirkland on Thursday November 30th, 2006 at 06:30 PM EST

Paramount has signed up Eddie Murphy to reprise his role as wisecracking detective Axel Foley for a fourth installment in the Beverly Hills Cop saga, the studio confirmed Thursday.

The sequel will be supervised by former Warner Bros. head turned producer Lorenzo de Bonaventura, who's currently locking down writers. No director has been named.

There's no word on a plot, although the film is expected to stick to the fish-out-water formula of the first three films, in which Murphy's ace Detroit police officer finds himself in unfamiliar territory conducting a murder investigation in the 90210.

Paramount is also hoping the sequel follows the box-office formula of the earlier films—at least the first two, which did bang-up business.

» Full story @ E! Online