updated 01/13/2011 AT 7:00 AM ET
•originally published 01/13/2011 AT 9:30 AM ET
Now cancer free, Michael Douglas is ready to get back to the business of Hollywood, preparing for award shows and doing research for his next role as the flamboyant showman Liberace.
“I’ve been watching a lot of tapes of him,” Douglas, 66, tells PEOPLE. “He wasn’t the greatest dancer nor the greatest singer, but he was a great pianist and entertainer.”
Douglas says he is planning to take piano lessons, but he hasn t decided yet if he ll sing. “We ll see how it goes,” says Douglas, whose distinctive baritone is back after undergoing seven grueling weeks of radiation and chemotherapy for throat cancer.