Allen hasn't acted in someone else's project since he appeared in Alfonso Arau's 2000 comedy "Picking Up the Pieces." Allen last starred in his own big-screen comedy "Scoop" in 2006.
Scheduled to start shooting in April in New York, the film casts Turturro, 55, and Allen, 76, as cash-strapped best friends who go into the gigolo business, Variety said.
McPhee, Cokas 'working on their marriage' after affair
Astronomers offer more expansive view of universe