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UPDATE!

It's Official: Charlie Sheen Ready for Anger Management

Jack Nicholson, Anger Management, Charlie Sheen Columbia Pictures, Donald Kravitz/Getty Images

Well, this ought to set therapy back 100 years.

Charlie Sheen announced today that he will try to make his sitcom comeback in a tube project based on the 2003 Jack Nicholson-Adam Sandler comedy Anger Management, as, no, not the guy who too easily flies off the handle and needs help getting a grip...

MORE: Charlie vs. Ashton: Sheen's Comedy Central roast faces off against Two and a Half Men

Instead, studio honcho-turned-producer Joe Roth (Alice in Wonderland, the upcoming Snow White and the Huntsman, etc.) has tapped the unpredictable star to play a character based on the Nicholson role of kooky counselor who's a lot better at enraging his patients than he is at calming them down, according to a press release this morning.

Sheen's version would be an ex-athlete (hey, Wild Thing!) who has to deal with his own rage issues while helping folks who've landed in court-ordered anger management.

"I chose Anger Management because, while it might be a big stretch for me to play a guy with serious anger-management issues, I think it is a great concept," Sheen said via a statement. "It also provides me with real ownership in the series, a certain amount of creative control and the chance to be back in business with one of my favorite movie producers of all time, Joe Roth."

Roth has worked with Sheen on five films, including Major League, Young Guns and The Three Musketeers.

And he hasn't been scared off yet, so this just might work!

Who better than Charlie Sheen to tackle Anger Management," Roth said in a statement. "With Charlie's incredible talent and comedic gifts, he remains the leading man of TV sitcoms. I'm excited to collaborate with him once again."

Sheen will own a chunk of the sitcom, and Roth is teaming Lionsgate to finance and distribute the sitcom in hopes of having a pilot ready to go for network consideration in fall 2012 (they can probably count TBS out).

He's also still hunting for a showrunner to tie this zany idea together, according to the Hollywood Reporter, which broke the news of the project earlier this month.

Good luck, Chuck. Considering your track record, this might be a tough sell.

(Originally published July 6, 2011, at 7:05 p.m. PT)

WATCH: All traces of Charlie have been removed from the Warner Bros. lot

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