The Saving Private Ryan director was linked to the project by SIR RICHARD EYRE, the director of the London stage show of Mary Poppins.
He said, "Spielberg wants to make a new film of Mary Poppins and we've talked about it a lot.
"It will be hard to outdo the original but kids love the story and I'm sure that the remake will be a real success."
But Spielberg's representative Marvin Levy counters, "I never heard of this and couldn't imagine Steven ever doing a remake of a classic - and a (Walt) Disney classic at that.
"There's a Broadway show from Disney but nothing involving us in any way."