A report surfaced earlier today that the 76-year-old silver screen legend is calling it quits due to memory loss issues.
The Oscar-winning actors join the star-studded presenters lineup at this weekend's awards ceremony, hosted by Seth MacFarlane.
The actor will play a man with Alzheimer's Disease, who is a suspect in his wife's murder.
Matthew Vaughn hopes to follow-up X-Men: First Class with this look at retired superheroes, which may also feature Warren Beatty.
Cruise has attached himself to the movie as a Secret Service agent, while an offer is out to Nicholson to play an ex-President.
It seems the screen legend could be set for a role in the new comedy Last Vegas