The 22-year-old actor also promised to donate funds from his work on the film to the LGBT Center in New York and RAINN, an anti-sexual violence organisation.
"I have been asked in a few recent interviews about my decision to work on a film with Woody Allen last summer ... What I can say is this: I don't want to profit from my work on the film, and to that end, I am going to donate my entire salary," Chalamet said in his statement, posted on Instagram.
Rebecca Hall and Griffin Newman, Chalamet's co-stars in 'Rainy Day', have already announced that they will donate their salaries from "Rainy Day".
Chalamet's "Lady Bird" director Greta Gerwig recently stated that she regrets having worked with Allen in 2012's "To Rome With Love".
Dylan, Allen's adopted daughter, accused the director of sexually abusing her in the early 1990s while she was a child.
Dylan's allegations have picked up steam in wake of the #MeToo movement following her brother Ronan Farrow's expose of Harvey Weinstein. Ronan is Allen and Mia Farrow's biological child.
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