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The pair's previous films together include Raging Bull, Goodfellas, Taxi Driver and Casino.
Based on a novel by Charles Brandt, the movie will tell the story of Irish hitman Frank Sheeran, who confessed to Brandt about a number of his killings.
According to Variety, De Niro will play Sheeran.
Steven Zailian is penning the script.
More: Robert De Niro, Movies
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