Michael Douglas continues to bounce back from a tumultuous year by focusing on his work. The actor was recently nominated for a Golden Globe Award for his performance in the sequel Wall Street Money Never Sleeps and now he’s set to receive a high honor from The Palm Springs Film Festival for his career achievements.

According to the Los Angeles Times, Douglas has been chosen to receive the Icon award at this year’s event. The actor will have his 2010 film Solitary Man screened at the festival, “preceded by a conversation with the 66-year old actor who’s currently battling throat cancer.” The tribute will take place on January 13 according to a press release sent out by the organizers.

The tribute will include several clips from his various films and an intimate one on one conversation with Peter Bart. Despite his rough year, Douglas has remained active and in Hollywood’s forefront. We’re not sure if his performance in Wall Street Money Never Sleeps will bring home the Golden Globe or come anywhere near an Oscar but the recognition must feel nice.

What do you think of Douglas recieving the Icon award at the festival? Do you think he’s a deserving pick?