Reports of a new film swirled last week (14Jun15), when actress Heather Matarazzo took to Twitter.com 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.