Honoured alongside fellow Oscar contenders Brendan Fraser and Cate Blanchett, Farrell has been praised by many for his performance at the Oscar tipped film The Banshees of Inisherin, directed by Martin McDonagh.
Despite his recent recognition, Farrell was quick to praise his co-star Brendan Gleeson, insisting that the pair's next project will happen "soon enough".
"He's a joy to work with, he comes to it from all the right places, as a man and as an artist", Farrell said of Gleeson. "I love him dearly".
Along with Farrell, Brendan Fraser was awarded at the Film Festival for his performance in The Whale, receiving the Spotlight Award, while Cate Blanchett was also awarded for her Oscar-tipped performance in Tár, with the Desert Palm Achievement Award.
Other stars awarded at the festival also include Bill Nighy (Living) Austin Butler (Elvis), Michelle Yeoh (Everything Everywhere All at Once), Viola Davis (The Woman King), and Danielle Deadwyler (Till).
