Paramount is developing a fourth installment ofBeverly Hills CopwithEddie Murphyreprising his role as Detroit detective Axel Foley.

The originalBeverly Hills Cop, released in 1984, grossed $316 million worldwide.

Together with the 1987 sequel and 1994 third installment, the trilogy grossed $712.9 million worldwide.

Eddie Murphy

Credit: Everett Collection

Murphy is currently starring in the Brian Robbins-directedA Thousand Words.

Ratner is working on the Hugh Hefner biopicPlayboy.