Eddie-Murphy-in-Beverly-Hills-Cop-1984-Movie-Image-e1346207670507

*After years of attempting to launch a fourth film in the “Beverly Hills Cop” franchise, Paramount has finally closed the deal.

Jerry Bruckheimer and his Bruckheimer Films are returning to the studio under a fresh three-year first-look deal that will begin in April 2014, reports Deadline.com. The first project under the new pact will be “Cop 4,” one of Bruckheimer and Paramount’s biggest successes together when he produced the 1984 original with late partner Don Simpson.

Eddie Murphy closed his deal to reprise his role as Detroit cop Axel Foley — this time Foley will be returning to his Detroit roots.

Ratner, who is currently finishing up “Hercules” for MGM, is attached to direct the film as soon as his duties on the Dwayne Johnson-starrer finishes up. The picture bows in July.

Bruckheimer, as part of his deal, will also produce the long-in-the-works “Top Gun 2,” which is being developed by Skydance Productions with Tom Cruise back in the cockpit to star.