Bosses at 20th Century Fox had originally set "Gambit" for release in October (16), but the film has yet to begin production and it has since been removed from the studio's upcoming slate of projects, reported Contactmusic.
Tatum, 35, has long been interested in portraying the card-throwing mutant onscreen and he first became linked to the Marvel movie in 2014.
However, the project has suffered a series of setbacks. "The Rise of the Planet of the Apes" director Rupert Wyatt had initially been attached to take charge of the film, but he dropped out in September due to a scheduling conflict.