Don't get your panties in a bunch, Kenny Rogers fans! Director Martin Scorsese and writer William Monahan are remaking The Gambler. But rest assured, it's the 1974 drama from director Karel Reisz that starred James Caan as an English professor with a gambling problem. Not a reimagining of the great bearded one's time spent in the old west.

Leonardo DiCaprio is wanted for the lead role in this new version of The Gambler, though no deal is in place yet. Irwin Winkler, producer of the original, will be back to produce this new version as well.

William Monahan will base his screenplay on the short novel of the same name from Fyodor Dostoyevsky. The story finds this New York teacher so desperate to bet his meager wages that he ends up extorting money from his own mom and eventually has one of his students rig a basketball game.

Martin Scorsese is locked in to direct both Silence and The Wolf of Wall Street sometime in the near future, as well as participate in The Five Obstructions: Scorsese Vs. Trier, which will find him redirected pieces of his own classic Taxi Driver. Its not clear where The Gambler falls within all of that, or how close to the end of the decade we will actually see it.