The star has been nominated for 'Best Actor' for the spy epic alongside Demián Bichir, George Clooney, Jean Dujardin and Brad Pitt.
Oldman reacted to the news by declaring that being "recognised by the Academy" is one of the most exciting moments of his career.
He said in a statement: "This afternoon in Berlin I have learned that I was nominated for an Academy Award in the category of 'Best Actor'.
"You may have heard this before, but it has never been truer than it is for me today, it is extremely humbling, gratifying and delightful to have your work recognised by the Academy, and to join the celebrated ranks of previous nominees and colleagues. Amazing."
Oldman's portrayal of spymaster George Smiley has also garnered a BAFTA nomination as well as nods from the New York Film Critics Online, the London Film Critics and the Online Film Critics Society.
He has already won the San Francisco Film Critics Circle Award for 'Best Actor', which has previously gone to Michael Caine, Bill Murray, Heath Ledger and Colin Firth.
Tinker Tailor Soldier Spy was released in the UK last year and is now playing in US cinemas.
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