Though O'Donnell will play an executive named Jason Colvins, his exact role in the film, including how or if it relates to the story of the original game, is currently unknown.
Today's revelation marks the fourth major cast member to be unveiled, with Mark Wahlberg playing Max Payne, Beau Bridge serving as his mentor B.B. Hensley, and Mila Kunis as a female assassin--a character known as Mona in the two games.
Directed by John Moore (Behind Enemy Lines, The Omen), penned by freshmen writer Beau Thorne, the film is currently shooting in Toronto. No release date has been set.
Despite the expected surge in the franchise's popularity, property owner Take-Two has remained mum on the possibility of another Max Payne game.