He is one of the most famous and much loved actors of this century with a career spanning over five decades.

But it has now been rumored that Jack Nicholson has retired from acting at the age of 76.

The Oscar-winning star has quietly stepped away from the movie business without any official announcement, both Star magazine and Radar Online are reporting.

The source also claims that the incredibly talented star is suffering from memory loss.

Jack first burst onto the Hollywood scene in the 1950s.

Jack’s illustrious career has included three Oscar wins, two for Best Actor in One Flew Over the Cuckoo’s Nest and As Good as It Gets and a Best Supporting Actor statuette for his turn in the 1983 film Terms of Endearment.

A spokesperson did not immediately respond to a request for comment when contacted about the retirement reports by Mail Online on Wednesday.