Deadline:
Tom Cruise has exited as the lead in The Man From U.N.C.L.E., the remake of the classic TV series that Guy Ritchie will direct for Warner Bros. Cruise was scheduled to star in the film with Armie Hammer, but he has stepped out of the picture to focus on producing and starring in Mission: Impossible 5. Paramount and Skydance are now planning to begin shooting the latest installment of that franchise before year’s end. Warner Bros has a script they like, and a top director who’s expecting to direct U.N.C.L.E. in the fall. The timing proved too difficult and so Cruise stepped out to focus on M:I5.
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I couldn't picture Tom Cruise being in a movie with Armie Hammer.