Actor Michael Douglas will be honoured with a star on the Hollywood Walk of Fame.

The 74-year-old Oscar-winning actor, who is known for appearing in films such as Wall Street, Basic Instinct and Falling Down, is set to be honoured in the category of Motion Pictures.

His 101-year-old father and star of Hollywood’s golden age, Kirk Douglas, also has a star on the Walk of Fame.

Michael’s star will be placed close by.

Sir Richard Branson was honoured with a star on October 18. Photo: Getty

Ana Martinez, producer of the Walk of Fame, said: “Michael Douglas is what legends are made of. He joins his legendary actor father Kirk Douglas, whose star and Michael’s will forever shine just a few feet from one another.

“We have been patiently waiting for Michael Douglas to unveil his stellar award since he was selected in 2003 and are so excited to finally honour this Hollywood royal with a star on our historic Hollywood Walk of Fame.”

Douglas’s star will be unveiled on November 6.