Philip Martin will direct the film, which stars Travolta as a former art prodigy and petty thief, who buys his way out of prison to spend time with his ailing son. To do so, he teams up with his father (Plummer) for one last job.
Filming for "The Forger" will begin in Boston in October.
Plummer won a Golden Globe Award and Academy Award for his performance in "Beginners." In 1974, he took home his first Tony Award for his performance in Cyrano. He was also awarded the Tony for his performance in Barrymore and has been nominated for J.B., Othello, No Man's Land, King Lear and Inherit the Wind.