EXCLUSIVE: Billy Magnussen is in final negotiations to replace Jake Gyllenhaal in Into The Woods for Disney and director Rob Marshall. He will play Rapunzel’s prince in the Marc Platt-produced adaptation of the stage musical. He joins a film that shoots in London this fall with cast that includes Meryl Streep, Johnny Depp, Chris Pine, Anna Kendrick, James Corden and Emily Blunt.

Magnussen was most recently Tony nominated for Chris Durang’s Vanya And Sonia And Masha And Spike. Magnussen’s last screen work came in Fox Searchlight’s The East and Whit Stillman’s Damsels In Distress. He also played an arc on HBO’s Boardwalk Empire and next appears in the Martin Scorsese-produced Revenge Of The Green Dragons. He’s repped by BRS’s Charles Bodner, managed by Authentic’s Dara Gordon and lawyered by Robert Offer.