Britney Spears' former manager Sam Lutfi claimed last month (Oct12) that he was collaborating with the former Hole star on a potential stage show about the grunge star's life, his work with Nirvana, and their marriage.
Lutfi alleged the pair was hoping to take the production to Broadway or convince Hollywood bosses to turn it into a movie - but Love has shot down his claims.
She tells Britain's Observer newspaper, "There will be no musical. Sometimes it's best just to leave things alone."
Love insists she is against exploiting Cobain's legacy, adding, "I said yes once - to Baz Luhrmann to use eight seconds of Smells Like Teen Spirit in Moulin Rouge. But he wasn't allowed to use it in the marketing."