Fresh off his Oscar-nominated turn in “Warrior,” Nick Nolte has entered talks to star in Annapurna Pictures’ drama “Bitterroot,” which will mark the feature directorial debut of music video helmer Chris Milk.Michael Gilio wrote the Black List script, which follows an aging rancher in Montana who gets swindled out of his life savings in a bank scam. Unable to find someone to hold accountable, the rancher grabs his guns and heads to Bitterroot on horseback to retrieve his money. Gore Verbinski and Jonathan Krauss will produce for the former’s Blink Wink Prods. banner, while Scott Aversano will also produce via his Aversano Films shingle. Annapurna is fully financing “Bitterroot,” which Verbinski has been trying to bring to the bigscreen for sometime, as he originally intended to direct the pic for Universal. Nolte next stars in Ruben Fleischer’s crime pic “Gangster Squad” and Robert Redford’s political action-thriller “The Company You Keep.” Thesp has also wrapped Taylor Hackford’s “Parker,” which stars Jason Statham and Jennifer Lopez. Milk recently directed the revolutionary video for Arcade Fire’s “We Used to Wait.” Nolte is repped by CAA, manager Greg Shaprio and attorney Barry Tyerman.