Liquids only for a super skinny Matthew McConaughey on the set of The Wolf of Wall Street

PUBLISHED: 18:16 EST, 28 August 2012 | UPDATED: 18:17 EST, 28 August 2012

He's been steadily shrinking in recent weeks after signing up to lose 30lbs for an upcoming movie role.

And today a frighteningly thin Matthew McConaughey was almost unrecognisable as he arrived on the set of his current project, The Wolf of Wall Street, in New York City.

Wearing a white T-shirt, jeans and flip flops the Texan, who recently played a hunky stripper in the raunchy movie Magic Mike, was a shadow of his former self.

Gaunt: Matthew McConaughey looked terribly thin on the set of The Wolf of Wall Street in New York today

Who's that guy? The Hollywood hunk has lost the muscles that helped make him famous

Who's that guy? The Hollywood hunk, pictured right last year, has lost the muscles that helped make him famous

Filming for the flick, based on a memoir by Jordan Belfort who spent 22 months in jail for offenses related to stock market manipulation and running a boiler room, began in Manhattan earlier this month.

The movie, directed by Martin Scorsese, also features Leonardo DiCaprio, Jonah Hill, and French Academy Award winner Jean Dujardin and is set to open in theaters in 2013.

But his weight loss is for his next role in The Dallas Buyer's Club.

McConaughey told Larry King in a recent interview: 'I'm playing a guy who was sick and would have loved to have been healthier but wasn't.

'For me, it's more of a mental thing than a physical thing. I'll get down to the weight I need to get to. I'm on my way, and it's what I need to do for the job.'

Tough: The actor has been on an extreme diet in recent months for a role as an AIDS sufferer in The Dallas Buyer¿s Club

Incredible shrinking man: While Matthew has been getting smaller, his wife Camilla Alves has been getting bigger with the couple's third child

Suited up: Matthew struggled to fill out his outfit

The father-of-two, whose wife Camilla Alves is expecting their third child this fall, has been taking a philosophical approach to his punishing diet.

'It's a bit of a spiritual cleanse, mental cleanse,' the 42-year-old said. '[I'm] drinking a lot of tea.'

'It takes a while for your body to understand that it has to feed off of itself and that you're not going to give it something else from the outside,' he adds.

The gritty role is based on the real life story of a Dallas man named Ron Woodruff, who contracted HIV through drug use in the '80s.

Tea-time: The star has been drinking a lot of tea in order to lose weight for his next role

Liquid diet: The star has been drinking a lot of tea in order to lose weight for his next role

All-star team: The film is being directed by Martin Scorsese and also stars Leonardo DiCaprio

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Liquids only for a super skinny Matthew McConaughey on the set of The Wolf of Wall Street

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