Jack Nicholson has reportedly retired from acting "without fanfare".
The legendary actor, whose career has spanned more than 50 years, is said to have turned his back on the movie business.
"Jack has, without fanfare, retired. But he has no intention of retiring from the limelight," a source told Radar Online.
"There is a simple reason behind his decision - it's memory loss. Quite frankly, at 76, Jack has memory issues and can no longer remember the lines being asked of him. His memory isn't what it used to be."
Three time Oscar winner Jack has not appeared on the silver screen since 2010's How Do You Know.
The film was a light hearted rom-com, which co starred Reese Witherspoon, Paul Rudd and Owen Wilson.
"He's not retiring from public life, at all. He just doesn't want a tribute. He's happy to tacitly join the retirees club like Sean Connery," the source continued.
The acting great has delighted fans over the years by playing some of the most iconic roles in cinema history including R.P. McMurphy in One Flew Over the Cuckoo's Nest and Jack Torrance in The Shining.
Nominated for a record breaking 12 Oscars, he is the most nominated male actor in Academy Award history.
As a keen Los Angeles Lakers fan, he'll be able to spend more time court side with his trademark Joker-like wide grin and sunglasses.
Speaking to British newspaper The Daily Mail in 2011, Jack admitted that age was catching up with him.
"I'm definitely still wild at heart. But I've struck bio-gravity. I can't hit on women in public any more. I didn't decide this; it just doesn't feel right at my age," he laughed.
- Cover Media