Some other versions of the card depict an actual stage magician, such as the Charles VI deck, and the Marseille deck. The "tools" of the Magician were his Cups and Balls. These later morphed into the traditional Four Weapons of the Tarot, the Disk, the Sword, the Cup and the Wand.
The card was previously called "Le Bateleur", which means "the Juggler" in French. This also aligns more with the stage Magician origin.