| Oscar (1997) | Best Actor in a Leading Role for “Pasqualino Settebellezze (aka Seven Beauties)” | Nominated |
| Berlin Fashion Film Festival (2016) | Best Casting for “The Good Italian II: The Prince Goes to Milan” | Won |
| Bokeh South Africa International Fashion Film Festival (2016) | Best Actor for “The Good Italian II: The Prince Goes to Milan” | Won |
| Cannes Film Festival (1973) | Best Actor for “Love and Anarchy” | Won |
| Capri, Hollywood (2003) | Capri Legend Award | Won |
| David di Donatello Awards (2003) | Best Supporting Actor for “Il cuore altrove” | Nominated |
| David di Donatello Awards (2002) | Best Supporting Actor for “Ti voglio bene Eugenio” | Won |
| David di Donatello Awards (2000) | Golden Plate | Won |
| David di Donatello Awards (1996) | Best Supporting Actor for “Celluloide” | Won |
| David di Donatello Awards (1996) | Best Supporting Actor for “Palermo Milano solo andata” | Nominated |
David di Donatello Awards (1995) | Best Supporting Actor for “Come due coccodrilli” | Won |
| David di Donatello Awards (1994) | Best Supporting Actor for “Giovanni Falcone” | Nominated |
| David di Donatello Awards (1990) | Best Actor for “Il male oscuro” | Nominated |
| David di Donatello Awards (1989) | Best Actor for “‘O re “ | Nominated |
| David di Donatello Awards (1984) | Best Actor for”Mi manda Picone” | Won |
| David di Donatello Awards (1972) | Best Actor for “Mimì metallurgico ferito nell’onore” | Won |
| Fangoria Chainsaw Awards (2002) | Best Supporting Actor for “Hannibal” | Nominated |
| Faro Island Film Festival (1975) | Best Actor for”Pasqualino Settebellezze” | Won |
| Flaiano International Prizes (2002) | Cinema | Won |
| Giffoni Film Festival (2013) | François Truffaut Award | Won |
| Golden Ciak Awards (1996) | Best Supporting Actor for “Come due coccodrilli” | Won |
| Golden Globes, Italy (2010) | Career Golden Globe | Won |
| Golden Globes, Italy (1999) | Best Actor for “Milonga” | Won |
| Golden Globes, Italy (1997) | Best Actor for “La frontiera” | Nominated |
Golden Globes, Italy (1989) | Best Actor for “‘O re” | Won |
| Golden Globes, Italy (1974) | Best Actor for “Sono stato io!” | Won |
| Golden Globes, Italy (1973) | Best Breakthrough Actor for “Mimì metallurgico ferito nell’onore” | Won |
| Golden Globes, Italy (1997) | Career Goblet Award | Won |
| Golden Globes, Italy (1972) | Best Actor for “Mimì metallurgico ferito nell’onore” | Won |
| Il Festival Nazionale del Doppiaggio Voci nell’Ombra (1999) | Renato Castellani Award | Won |
| International Fashion Film Awards (2016) | Best Actor for “The Good Italian II: The Prince Goes to Milan” | Won |
| Italian National Syndicate of Film Journalists (2001) | Best Supporting Actor for “Hannibal” | Won |
| Italian National Syndicate of Film Journalists (1999) | Best Actor for “La stanza dello scirocco” | Won |
| Italian National Syndicate of Film Journalists (1999) | Best Supporting Actor for “La cena” | Won |
| Italian National Syndicate of Film Journalists (1994) | Best Male Dubbing for “Carlito’s Way”
(For the voice of Al Pacino.) | Won |
| Italian National Syndicate of Film Journalists | Best Actor for “Il male oscuro” | Nominated |
| Italian National Syndicate of Film Journalists (1991) | Best Supporting Actor for”I divertimenti della vita privata” | Nominated |
| Italian National Syndicate of Film Journalists (1989) | Best Actor for “‘O re” | Nominated |
| Italian National Syndicate of Film Journalists (1984) | Best Actor for “Mi manda Picone” | Nominated |
| Italian National Syndicate of Film Journalists (1974) | Best Actor for “Love & Anarchy” | Won |
| Italian National Syndicate of Film Journalists (1974) | Best Actor for “Paolo il caldo” | Nominated |
| Italian National Syndicate of Film Journalists (1973) | Best Actor for “Mimì metallurgico ferito nell’onore” | Won |
| Italian National Syndicate of Film Journalists (1971) | Best Supporting Actor for “Dramma della gelosia (tutti i particolari in cronaca) | Nominated |
Kineo Awards, Italy (2008) | Best Actor “Milano Palermo – Il ritorno” | Nominated |
| Locarno International Film Festival (2014) | Excellence Award | Won |
| Los Angeles Italian Film Awards (1999) | Film (Outstanding Achievement Award) | Won |
| Milano International Film Festival Awards (MIFF Awards) (2002) | Lifetime Achievement Award | Won |
| Newport Beach Film Festival (2002) | Best Actor for “Ti voglio bene Eugenio” | Won |
| Online Film & Television Association (2019) | Best Ensemble in a Motion Picture or Limited Series for “Catch-22” | Nominated |
| Premio Berenice (2003) | Honorary Award | Won |
| Primavera del Cinema Italiano Festival (2009) | Career Award | Won |
| San Sebastián International Film Festival (1973) | Best Actor for “Sono stato io!” | Won |
| Taormina International Film Festival (2007) | Taormina Arte Award | Won |
| Taormina International Film Festival (2001) | Taormina Arte Award | Won |
| Taormina International Film Festival (1989) | Career Charybdis | Won |
| Viareggio EuropaCinema (1998) | Platinum Award for Cinematic Excellence | Won |
