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One individual close to the project told TheWrap that Tatum's reps are still in active discussions with the studio but acknowledged that "something is up." The situation will have to be resolved quickly, as "Gambit" is slated for release on Oct. 7, 2016.

Tatum recently appeared at San Diego Comic-Con to hype his turn as New Orleans thief Remy LeBeau, a.k.a. Gambit. The character was originally played by Taylor Kitsch in 2009's "X-Men Origins: Wolverine."

"Gambit" has long been a passion project for Tatum, whose attachment encouraged 20th Century Fox to ramp up production. However, Tatum also has larger ambitions, which may play a role in the current situation.

In a recent Grantland profile, Carolin said that he and Tatum are planning to make their directorial debut soon, so it's possible that the star's desire to segue behind the camera is factoring into his decision. The actor also slated to star in "23 Jump Street" for Sony.

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