Spacey will be replaced by veteran actor Christopher Plummer in the role of the late US oil tycoon, Jean Paul Getty, in the Ridley Scott-directed drama about the 1973 kidnapping of his then teenage grandson, John Paul Getty III, the three publications reported.
While Plummer has valiantly accepted his duty to replace Spacey in the film, the 87-year-old is still reeling from the Tony-winner's fall from grace as accusations continue to pour out.
It isnt replacing. In a amusing way its starting all over again because its going to be different, naturally, he explained.
"The situation is very sad, because he's such a talented guy", Plummer said of Spacey.
When asked whether he felt any extra pressure because of the circumstances that led to his casting, Plummer responded, "No, not at all. But I've got to forget that and go and do it, because it's a very well written script and Ridley has been very good".
Reshoots begin on Monday, with the plan to stick to the original release date for the film of 22 December.
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All The Money In The World will be released in cinemas in the United Kingdom and Ireland on Friday 5 January 2018. "But if I did behave then as he describes, I owe him the sincerest apology for what would have been deeply inappropriate drunken behavior". I admire Ridley Scott and I'm thrilled to be making a movie for him.
In an unprecedented move, Spacey, enduring a potentially career-ending scandal after over a dozen men have come forward to allege sexual impropriety on his part, is being removed from the finished film weeks before its scheduled release. "That's all I can say, because that's it". The actor is pleased with the role, sharing, "I'm fascinated by doing real people".
Last month, actor Anthony Rapp alleged Spacey had made an unwanted sexual advance toward him when Rapp was 14 (Spacey, at the time, was 26). I am very saddened by what happened to Kevin. "I have known so many Scrooges".
Also happy with his role in "The Man Who Invented Christmas", Plummer commented, "I love that character".