The two actors are rumored to be teaming up for El Presidente, an action comedy focused on a dedicated Secret Service agent responsible for protecting an idiotic ex-president written by former Late Night with Conan O'Brien and Daily Show writer Dan Goor.
Known for their infamous "you can't handle the truth" exchange in the courtroom/military drama A Few Good Men, it sounds like the duo will again play government officials. According to The LA Times, Warner Bros. has offered the presidential part to Nicholson and Cruise attached himself to the project as the agent.
Few plot details are available, but what we do know is that the two will be working together when they face danger -- a death threat is made on the ex-president. But, it doesn't sound like El Presidente will be a serious flick. Nicholson looks to play a bumbling and senile old man, which goes against Cruise's stoic and serious character.
A few years ago, I wouldn't know what to think about this type of project from these two -- specifically Cruise. But after his performance as loud and obnoxious Hollywood agent Les Grossman in Tropic Thunder, it's pretty obvious that the dude has a comedic side ripe with new potential. And on the other side, hopefully Nicholson (although I don't really have any doubt at all) will be able to channel his maniacal persona a la Anger Management. A pairing of these two screen legends demands, though, no matter what the tone of the film turns out to be.
Source: LA Times