"The Hangover" and "Old School" director Todd Phillips is in talks to helm the remake of the James Caan-led 1974 crime drama "The Gambler" at Paramount Pictures says The Hollywood Reporter.
Martin Scorsese was once attached to helm the project which follows a UCLA literature professor with a gambling problem who runs afoul of gangsters. William Monahan ("The Departed") penned the screenplay.
Irwin Winkler, who produced the original, is returning in the same capacity. The project is expected to be Phillips' first effort once he wraps "The Hangover Part III" which begins shooting next month.