Michael Douglas Has a Tumor in His Throat

08/16/2010 at 03:35 PM EDT

Michael Douglas Has a Tumor in His Throat
Michael Douglas
David Gabber/PR Photos
Doctors have discovered that Michael Douglas has a tumor in his throat, his spokesperson tells PEOPLE exclusively.

The Oscar-winning actor, 65, will under go eight weeks of radiation and chemotherapy. His doctors expect the Wall Street star to make a full recovery, according to the spokesperson.

"I am very optimistic," Douglas said in a statement.

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