A screenwriter reportedly hired to remake David Bowie's Labyrinth has dismissed suggestions the beloved movie is set for a reboot.

Speculation about a new version of the 1986 classic began circulating after the music legend's death from cancer earlier this month, with reports suggesting Guardians of the Galaxy writer Nicole Perlman had signed up to revamp the script.

However, Perlman has now set the record straight about the project, insisting a Labyrinth remake is not happening.

"Guys, please don't fall for all the clickbait," she wrote in a series of posts on Twitter.

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"No one is remaking Labyrinth. That movie is perfect as it is."

The screenwriter goes on to admit she was in talks to work on a remake of Labyrinth, which was helmed by Muppets creator Jim Henson, back in 2014 and she is upset by suggestions movie bosses are capitalising on the loss of the film's star to revive the project.

"Not 'rebooting' anything, guys..." she posted. "Henson Co & I started talking in late 2014, so the timing of these rumors is so upsetting. I would never seek to profit from Bowie's death... Labyrinth is my favorite film from childhood, so I share your concerns that any continuation of the world be handled with love and respect."

- WENN