Pacino is competing against his The Irishman co-star Joe Pesci – who played labour union leader Jimmy Hoffa – for the Best Supporting Actor gong.
Brad Pitt is this year’s favourite to win Best Supporting Actor, for his role in Quentin Tarantino’s Once Upon a Time in Hollywood.
Pesci won in 1991, while Pacino went on to win Best Actor for his performance as Lieutenant Colonel Frank Slade in Scent of a Woman.
Speaking to Sky News, the veteran actor revealed that his three grown-up children will be coming with him to tonight’s (9 February) awards, where he is nominated for Best Supporting Actor for his performance in The Irishman.