The actor replaces Robert Downey Jr., who was circling the project in February 2011, but ultimately dropped out. This noir tale, set in 1969 Los Angeles, is based on Thomas Pynchon's 2009 novel about a weed-smoking private detective on a kidnapping case.
Paul Thomas Anderson is directing from his own adapted screenplay, with Megan Ellison producing and financing through her Annapurna Pictures company. John Lesher and JoAnne Sellar are also attached to producer.
It isn't known when production may begin.
Inherent Vice comes to theaters December 12th, 2014 and stars Joaquin Phoenix, Reese Witherspoon, Owen Wilson, Martin Short, Jena Malone, Josh Brolin, Benicio Del Toro. The film is directed by Paul Thomas Anderson.