The Wall Street star made his name as an actor in ‘70s TV show The Streets of San Francisco alongside actor Karl Malden before moving into the film industry.

Despite a storied Hollywood career that includes winning an Oscar for both acting and producing, Douglas admitted in an interview with British chat show host Jonathan Ross that he is considering returning to the small screen.

The 72-year-old actor was talking at a Q&A in London, and admitted he “never, never” thought he would return to television but was now open to it due to the “limited number of my kind of movies” being made and the low pay that comes with them.

“The quality of the work going on in television now and the limited number of my kind of movies that I made in the ‘70s and the ‘80s that are so difficult to do now, but when I do them I get paid nothing, and the minimalist, tiny audience in the theatrical area," he explained to presenter Ross. “Whereas in the streaming or this independent Netflix or HBO ... it’s a real opportunity to do good work.”

Douglas's admission comes amid the advent of what has been described as the "golden age of television", with streaming and cable companies such as Netflix, HBO and AMC producing award-winning, critically acclaimed dramas such as Game of Thrones, Mad Men and House of Cards.

During the interview the Basic Instinct star, who’s married to Catherine Zeta-Jones, also shared his unease that fans were so enamoured with corrupt character Gordon Gekko from 1987’s Wall Street. Gekko, famous for his catchphrase "greed is good" is often cited by people who approach the star to say, “Hey, you’re the man, you’re the reason I got into this business.”

Douglas explained to Ross: “I say, ‘I don’t know if you saw the same movie I did, I went to jail.’ But they just go, ‘Nahh.’ They are just so seduced by the suits, the money.”