Hugh Jackman has dropped out of the drama “Collateral Beauty” a month after the project was unveiled by Palmstar Media.

Producers have indicated that they hope to replace Jackman with Johnny Depp, but no negotiations are taking place. Jackman’s exit was due to commitments for a yet-to-be-titled Wolverine project for Fox, which has a release date of March 3, 2017.

Rooney Mara remains attached to the project. Palmstar and Likely Story announced they had acquired the rights to Allan Loeb’s script for “Collateral Beauty” in mid-June. PalmStar will be fully financing in conjunction with its partner Merced Capital.

“Me and Earl and the Dying Girl” helmer Alfonso Gomez-Rejon will direct. Anonymous Content’s Michael Sugar and Bard Darros are producing along with Loeb. Palmstar CEO Kevin Frakes and Anthony Bregman will exec produce.

The story follows a New York advertising executive who experiences a deep personal tragedy. When his colleagues devise an unconventional plan to break him out of his depression, the plan works, but not in a way that anyone imagined.

CAA and Anonymous began selling the project at Cannes in May.

News about Jackman’s exit was first reported by Deadline.com.