The 48-year-old ``Pirates of the Caribbean`` star was slated to play Tonto opposite Armie Hammer`s Lone Ranger in the Disney adaptation of the classic TV show, Daily Express reported.
Depp says he expected studio executives to take their time agreeing the deal, and he is glad the project is finally moving forward. "We knew that the budget was going to be huge initially, and we also knew that it was going to be shut down for a while, and it was kind of like we patiently wait - we shave a little bit here, we do a little bit there, (and) they fix it," he said.
Few months back Disney chiefs axed their involvement in the film following alleged disagreements with director Gore Verbinski and producer Jerry Bruckheimer over the western``s finances.
Now Bosses at the film giant have given the movie the go-ahead after the budget was brought down from 174 million pounds to 136 million pounds.