Maren Ade, who directed the original will serve as producer on the remake. Also onboard as producers are The Big Short and Step Brothers director Adam McKay, along with actor Will Ferrell via their production company Gary Sanchez Productions. A director has yet to be confirmed.
Nicholson was apparently such a big fan of Toni Erdmann that he worked with Brad Grey of Paramount to secure the rights to the remake. The legendary actor has won Oscars for his perfomances in One Flew Over The Cuckoo's Nest, Terms of Endearment, and As Good As It Gets, so it's about time he made a comeback.