Newly anointed Oscar winner Javier Bardem, Maribel Verdu and newcomer Alden Ehrenreich also star in the story of a young Argentinean man searching for his older brother.
The budget is capped at $15m and Tetro is expected to open in 2009.
'Despite the controversy always surrounding him, Vincent Gallo has a real presence on screen and 'an aliveness',' Coppolas said.
'He's intense, intelligent, and very funny I know choosing Vincent Gallo to star in my film will raise a few eyebrows, but I'm betting that seeing him in the role will open some eyes.'
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