STORY
HIGHLIGHTS
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"It was her decision not to return," Fox's reps said
- It
has been reported that another actress will be cast as LaBeouf's love
interest
- Fox, meanwhile, is prepping for the June 18 release of "Jonah Hex"
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The actress is slamming speculation she was booted from the third installment of the "Transformers" action film franchise.
"Megan Fox will not be starring in 'Transformers 3'," reps for the actress, 24, tell PEOPLE. "It was her decision not to return. She wishes the franchise the best."
Citing unnamed sources, Variety reports the studio and the film's director, Michael Bay, intend to cast another actress as star Shia LaBeouf's love interest to move the story in a different direction.
Shooting for the film, slated for a July 2011 release, is expected to kick off this summer in locations across the U.S.
Fox, meanwhile, is prepping for the June 18 release of "Jonah Hex," an action film she stars in opposite Josh Brolin, John Malkovich and Will Arnett.