Because you can never have too many remakes, Paramount's preparing to remake the 1974 drama, The Gambler, which starred James Caan in the title role. And if all the deals work out, it appears The Departed team of writer William Monahan, director Martin Scorsese, and actor Leonardo DiCaprio will be the ones charged with handling the remake, reports The Hollywood Reporter.
The source material - Fyodor Dostoyevsky's 1866 novella - tells the story of a young tutor employed by a Russian general. The Gambler was written in a hurry as Dostoyevsky was pressured to finish it in a month in order to pay off gambling debts. The story was updated in 1974 by screenwriter James Toback (Bugsy), with James Caan playing a college professor addicted to gambling. The performance earned Caan a Golden Globe nomination in 1975.
In addition to The Departed, Monahan's writing credits include Kingdom of Heaven, Body of Lies, and Edge of Darkness. Scorsese and DiCaprio previously worked together on Gangs of New York, The Aviator, The Departed, and Shutter Island.
Scorsese recently wrapped up filming his first 3D film - and his first family movie - Hugo. Three-time Oscar nominee DiCaprio has J. Edgar heading to theaters on November 9, 2011.
(Photo of Leonardo DiCaprio by Kiyoshi Ota/Getty Images)