Pacino last won a BAFTA award 44 years ago for The Godfather Part II.
The BAFTA awards are taking place in London and the ceremony is hosted by Graham Norton.
New Zealand filmmakers Taika Waititi and Anthony McCarten were nominated for best adapted screenplay. Waititi won over McCarten for Jojo Rabbit's screenplay.
Jojo Rabbit is up for six awards in total.
Todd Phillip's Joker is leading the nominations, up for 11 awards in total.