Despite all the buzz, it does not appear Disney has any plans to move forward with a third “Princess Diaries” film. Just hours after speculation hit the Web that the movie studio was planning "The Princess Diaries 3," one report is slamming the rumors as false.

"There is no sequel or reboot currently in the works," Entertainment Weekly reported Wednesday, sourcing an insider "close to Disney."

Tracking Board initially reported that the film was in development. The site did not have much information about the sequel, but reported that Debra Chase would be the producer. She previously worked on both “The Princess Diaries” and “The Princess Diaries 2: The Royal Engagement.” 

The reports surfaced after Meg Cabot, the author of the young adult books on which the first film was based, published her latest work, “The Princess Diaries XI: Royal Wedding.” Multiple sites suggested Disney planned to bring fans back to the fictional realm of Genovia. It was reported, however, that if the film was made it would feature a new cast of characters. Anne Hathaway, who rose to fame after playing Mia Thermopolis in the films, denied on several occasions that she would be reprising her role.

“The Princess Diaries” hit theaters in 2001. The film told the tale of an awkward teen who discovers she’s royalty. After a series of unfortunate events, one intense makeover and a lot of etiquette training, Hathaway’s character is transformed. Three years later, Disney released “The Princess Diaries 2: Royal Engagement,” in which Julie Andrews’ character steps down as Queen of Genovia to make a place for Mia, after getting married, that is.

Neither Disney nor any of the "Princess Diaries” stars have addressed the rumors about the third film.