Reports of a new film swirled last week (14Jun15), when actress Heather Matarazzo took to and hinted that Princess Diaries fans might have reason to rejoice soon.

However, sources tell Variety that although a conversation about a possible sequel had taken place, nothing was set in stone, and they are not developing a third movie at the present time.

The original 2001 The Princess Diaries, based on Meg Cabot's 2000 novel of the same name and starring Julie Andrews and Anne Hathaway, was a box office success, raking in $165 million (£103 million) worldwide.

The 2004 sequel, The Princess Diaries 2: Royal Engagement, earned $135 million (£84.4 million) worldwide.