The Cannes Film Festival has announced that it will feature a special screening of the new Robert De Niro film "Hands of Stone" as a tribute to the actor.

The festival will welcome De Niro for the special screening in the Grand Théâtre Lumière of the Palais des Festivals on May 16.

The film tells the story of the relationship between Panamanian boxer Roberto Duràn, played by Edgar Ramírez, and manager and coach Ray Arcel, played by De Niro, who takes the boxer to the height of his career and many worldwide boxing successes of the 1970s and '80s, including legendary fights against Sugar Ray Leonard.

The film has been directed by Venezuelan director Jonathan Jakubowicz, who will also attend the screening.

Commenting on his appearance at the festival De Niro commented, "I'm excited to be coming back to Cannes especially with this movie "Hands of Stone" that I'm so proud of. This movie is uplifting, triumphant and a good time for audiences, so I'm looking forward to seeing my friends from across the world of cinema in joining us for this fun event."

The actor has also previously served as President of the Jury of the Festival de Cannes in 2011.

Hands of Stone will be released U.S. theaters on Aug. 26.