Until Spielberg cleared the speculation, it was rumored that the moviemakers were to team up for a screen version of the classic Chinese novel, ¡®Journey To The West¡¯.

"There does not appear to be anything to it. It's not impossible that something vaguely might have been said which was interpreted that way", Contactmusic quoted a source, as saying.

Earlier this year, Spielberg signed on as a consultant to the House Of Flying Daggers director in designing the opening and closing ceremonies for the 2008 Beijing Olympics.