WATCH: Eddie Murphy stars in the NEW trailer for Beverly Hills Cop: Axel Foley

The long-awaited first trailer has been released for Beverly Hills Cop: Axel Foley.

The first Beverly Hills Cop was released in 1984 and it solidified Eddie Murphy's status as a bankable leading man in Hollywood. It spawned two sequels which were released in 1987 and 1994.

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A fourth movie has been planned for decades, with the project previously going into development hell, going through various scripts.

Netflix eventually stepped in to develop Beverly Hills Cop 4 and Murphy says the return of original producer Jerry Bruckheimer was key in finally getting the project off the ground.

"Jerry Bruckheimer, the original producer. When he got involved and he started developing the script - he knew what Beverly Hills Cop was supposed to be. When he got back involved, that's when it all started to come together," Murphy previously told Collider.

"Because we tried for years and years, maybe 10, 12 years, and I must have read five or six different scripts, and it was never right. The studio was like, 'Let's go. Here it is.' It was like, 'It’s just not it.' Jerry Bruckheimer got back in there, and he knows his shit, and he put it together.

"He did Top Gun: Maverick, and Bad Boys is Jerry Bruckheimer. So we have that same brain behind Beverly Hills Cop, and he put all the pieces in place that were required for us to make a great movie. And I'm excited for people to see it.”

From the trailer, we see new franchise faces in the form of Joseph Gordon Levitt and Kevin Bacon, while old favourites like Paul Reiser, Judge Reinhold, Bronson Pinchot and John Ashton are also returning.

Beverly Hills Cop: Axel Foley trailer