Eddie Murphy is set to reprise one of his most famous roles, Axel Foley in 'Beverly Hills Cop'.

Variety reports that film studio Paramount is to make a fourth instalment in the action-comedy series with Murphy attached to star and 'Rush Hour' director Brett Ratner in negotiations to direct.

Paramount hopes to have the film in production next year and in cinemas in the summer of 2010.

The first three 'Beverly Hills Cop' films have grossed $712.9m worldwide.