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January 26, 2015 04:55 PM

James Caan has filed for divorce from his wife of 19 years, Linda.

The actor, 74, cited irreconcilable differences, according to the divorce papers filed Jan. 8 obtained by PEOPLE.

The filing also seeks to terminate financial support for Linda.

This is the third time the actor has petitioned for a divorce from Linda, but in the past, the couple has reconciled and dropped the divorce cases.

The pair have two children, James Jr., 19, and Jacob, 16. The actor is seeking joint custody of Jacob.

Caan’s previous three marriages – each of which produced one child – ended in divorce.

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