Jack Nicholson has not retired from acting, a source close to the star has claimed.

Gossip website Radar Online had previously alleged that the Hollywood legend had gone into retirement due to memory loss issues.

Reed Saxon/AP

However, an unidentified insider said has since told NBC News that the reports are "100% false".

The source also stated that Nicholson is "actively reading scripts and is looking forward to his next project".

Nicholson's last screen role was 2010's How Do You Know with Owen Wilson and Reese Witherspoon.

Last year, he was rumoured to be in the running to play Robert Downey Jr's father in the comedy-drama The Judge.

Nicholson attended this year's Oscars, where he presented the Academy Award for 'Best Picture'.

He was also seen on an ABC News Academy Awards special congratulating Jennifer Lawrence on her Oscar victory for Silver Linings Playbook.

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