Courtesy of Sony Music

Beyoncé Knowles has officially dropped out of talks to star in the ‘A Star is Born’ remake, directed by Clint Eastwood.

She released a statement blaming her busy schedule for her exit from the project.

“I was looking forward to the production of ‘A Star Is Born’ and the opportunity to work with Clint Eastwood,” she told E!. “For months we tried to coordinate our schedules to bring this remake to life but it was just not possible. Hopefully in the future we will get a chance to work together.”

The ‘A Star is Born’ production was initially pushed back in 2011 because Knowles was pregnant with Blue Ivy, her daughter with husband Jay-Z.

Rumors are floating that Eastwood has his eye on Grammy-winning jazz musician Esperanza Spaulding to replace Knowles but casting is still up in the air.

Eastwood will be the fourth remake of the classic musical love story of about a talented young woman who falls for an established male star. She watches his career fail while she skyrockets to fame.

Previous female leads include Barbara Streisand and Judy Garland. Male casting rumors for the remake have been rampant. With Bradley Cooper, Leonardo DiCaprio, Tom Cruise, Christian Bale, Johnny Depp, Will Smith, Robert Downey Jr. and Jon Hamm all rumored to be interested at one point or another.

As for Knowles, she is back in the studio, doing what she does best. On her upcoming fifth studio album, Knowles is collaborating with Kanye West and Hit-Boy.

Watch Beyoncé as Etta James performing ‘I’d Rather Be Blind’ in ‘Cadillac Records’: