Colin Farrell and Bill Nighy compete for their first best actor Oscar nominations.
If nominated, the duo are expected to face off against US heavyweights Austin Butler and Brendan Fraser, acclaimed for their performances in Elvis and The Whale, respectively.
The nominations for the 95th annual Academy Awards will be announced Tuesday at 1:30 PM UK time and will be read by Riz Ahmed and Allison Williams.
Nighy and Farrell have already garnered approval for their performances at other awards shows; Farrell won the Golden Globe for best actor in a motion picture, musical or comedy.
The Irish star faces off against longtime friend and colleague Brendan Gleeson in Martin McDonagh’s black comedy The Banshees Of Inisherin, set on a remote island off the coast of Ireland.
Nighy was previously known for her comeback in Living, where she portrayed a senior officer who is inspired to make the most of her remaining days after a boring life.
Paul Mescal, who starred in the coming-of-age drama Aftersun, also has a good chance of earning an Oscar nomination in the best actor category, increasing his chances of being a host.
The best supporting actor category could be full of British and Irish talent, with Gleeson, Barry Keoghan and Eddie Redmayne, all of whom are already recognizable.
If they all win, they’ll have to compete with Ke Huy Quan, star of Everything Everywhere All At Once, who has so far received both nominations and awards for his performance.
Starring Michelle Yeoh, Jamie Lee Curtis and Stephanie Hsu, the science fiction thriller is about a family caught in a fight in the multiverse after an interdimensional break.
The film won the Critics’ Choice Awards for Quan, with awards such as best picture, best director, and best supporting actor.
Yeoh won the Golden Globe for best actress in a motion picture, musical or comedy, and if she’s nominated for an Oscar for best actress, she’ll likely face stiff competition from Cate Blanchett.
Blanchett’s performance in Tar, about the dissolution of star chef Lydia Tar, has already earned her both a Golden Globe and a Critics’ Choice Award.
Following their previous successes, The Banshees Of Inisherin and Everything Everywhere All At Once are also expected to be nominated for best picture overall, along with Steven Spielberg’s The Fabelmans.
This movie follows young filmmaker Sammy Fabelman, played by Gabrielle LaBelle, and her burgeoning career in the filmmaking business, based in part on Spielberg’s own life story.
If the trio is nominated, it could face off against blockbuster sequels like James Cameron’s Avatar: The Way Of Water and Tom Cruise’s high-octane Top Gun: Maverick.
Spielberg and McDonagh, who have both been nominated in parallel categories at other award ceremonies, may be ready to continue their competition for best director awards.
Nominees in all 23 categories will be read out with a live presentation and global livestream from the Academy’s Samuel Goldwyn Theater on Tuesday.
Hosted by US talk show host and comedian Jimmy Kimmel, the star-studded Oscar ceremony will take place on March 12 at the Dolby Theater in Los Angeles.