We have some good and bad news to report regarding the upcoming drama Arbitrage. According to Deadline, Oscar winner Al Pacino is no longer attached to star as the lead. But don’t fret because one man’s trash is another man’s treasure. The silver-haired Richard Gere is now in talks to pick up where Pacino left off.

Arbitrage will be directed by Nicholas Jarecki and will center on “a troubled hedge fund magnate desperate to complete the sale of his trading empire makes an error that forces him to turn to an unlikely person for help.” Jarecki also penned the script. The rest of the cast features Eva Green and Susan Sarandon.

Production on the film is set to begin in mid-April in New York.

We’re not sure if Pacino ever signed on the dotted line prior to Gere’s involvement but either way we’re happy with the end result. Gere is a talented actor who sometimes gets overlooked or out-shined by his co-stars. Perhaps this film will give him the material and opportunity to get some overdo recognition.

What do you think of Gere starring in Arbitrage? Is he a good fit?