AceShowbiz -

Jack Nicholson has become the talk of the town after a report from Radar Online claims that the three-time Oscar winner, best known for starring in "One Flew Over the Cuckoo's Nest", "Batman" and "As Good as It Gets", "has quietly retired from the movie business." It cites "memory loss" as the reason why the 76-year-old actor decided to retire from acting.

However, Maria Shriver begs to differ. The former wife of action star Arnold Schwarzenegger slams the rumor, telling E! News that Nicholson "is not suffering from any memory-related illness or dementia and has no current plans to retire." Another unnamed source adds that he is even "actively reading scripts and is looking forward to his next project."

Nicholson was last seen in the 2010 dramedy "How Do You Know", in which he teamed up with his frequent collaborator James L. Brooks and starred alongside Reese Witherspoon and Owen Wilson.

The big fan of Los Angeles Lakers almost starred in Alexander Payne's "Nebraska" and David Dobkin's "The Judge", but he turned it all down. Bruce Dern ended up taking over the role in the former, while Robert Duvall snatched the role in the latter, which is headlined by Robert Downey Jr..