According to Variety, Dustin Hoffman is set to star opposite Natalie Portman in Mandate Pictures' Mr. Magorium's Wonder Emporium, a fantasy directed by Zach Helm.

Mandate will fully finance Mr. Magorium and holds worldwide rights. Helm, who also penned the screenplay, will begin shooting in March.

Hoffman will next be seen in the role of Meyer Lansky in The Lost City, written and directed by Andy Garcia. He also stars in Tom Twyker's upcoming Perfume: The Story of a Murderer, based on the 1981 novel by Patrick Suskind.