Daniel Craig has told studio bosses he is done playing 007, sources claim.
The news comes just days after bookmakers called off bets on Cambridge-educated Tom Hiddleston becoming the next James Bond.
Insiders said Craig turned down a £68million offer from MGM studio to return as Bond for two more films following last years hit Spectre. The sum included endorsements, profit shares, and a role for him working as a co-producer.
One LA film source said: Daniel is done pure and simple he told top brass at MGM after Spectre. They threw huge amounts of money at him, but it just wasnt what he wanted.
He added: He had told people after shooting that this would be his final outing, but the film company still felt he could come around after Spectre if he was offered a money deal.
One source said that executives had finally agreed to let the actor go after growing tired of his criticism of the franchise.
Craig, 48, told interviewers last year that he would rather slash my wrists than agree to another Bond film.
Craig has been plagued with a knee injury sustained filming a Spectre fight scene.
The source said: With knee problems and general exhaustion, he felt it was a journey with an ending.
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