Will Smith Turns Down 'Independence Day 2'

"Independence Day 2" is in the works... but you won't be seeing a familiar face in the long-due sequel.

Actor Will Smith, who played Captain Steven Hiller in the 1996 original, is reportedly "back and forth" on the idea of returning, but don't get your hopes up off that rumor.

"I'm told reliably that Smith informed the studio that he won't be joining in on a sequel that the filmmakers hope to have in theaters for July 4 weekend, 2016," says Deadline writer Mike Fleming Jr.

The release date would mark the 20th anniversary of the film, which most consider Smith's breakout role. Director Roland Emmerich, and co-writer and producer Dean Devlin were hoping to bring Smith back.

"I don't believe that Smith has had the final conversation yet with Emmerich, but that will likely happen shortly. I was told not to set this in stone, because Smith has been back and forth before on whether to make the movie, though I hear he is pretty much decided."

Smith announced last year that he will be "finding more danger" in the "artistic choices" he makes in the future. He has also turned down a return to "Men in Black" in the role of Jay, as Sony Pictures plans a reboot.