Matt Damon will not be returning to reprise his role in the fifth installment of the ‘Bourne’ franchise, a producer of the Jason Bourne films told The Hollywood Reporter, clearing rumors of the actor's return.

Frank Marshall, longtime producer of the action film series, reportedly denied that Universal had delayed the film for a year to accommodate Damon’s return. He said that the rumors were “simply not true” and added that fifth film in the series will again focus on the character of Aaron Cross, played by Jeremy Renner in the 2012 installment, “The Bourne Legacy.”

"[Director] Justin Lin is working with Andrew Baldwin on an Aaron Cross script/story that they pitched us a few months ago. I talk to Justin all the time and the script is not ready. It's a summer movie, and if we don't start preproduction now, we can't make next summer. Therefore, it's a wise decision to move to 2016,” Marshall told The Hollywood Reporter.

Latino Review website had reportedly said that Damon will return for his role as Jason Bourne in the upcoming installment of the film, which is slated for a July 2016 release.

A source for the Latino Review also reportedly said that a series of box-office disappointments was the impetus for Damon to make the decision for returning for the role.

The previous “Bourne” films have been highly lucrative, with the final installment “The Bourne Ultimatum” raking in $442 million in 2007.