Bill Murray pulls out of Ghostbusters 3 - for good

Bill Murray won't be involved in Ghostbusters 3. Photo / Supplied

Bill Murray has pulled out of Ghostbusters 3, according to his co-star Dan Aykroyd.

After months of negotiations, the Canadian actor has revealed Murray will not be returning as the scheming Dr Peter Venkman.

But Aykroyd is pressing on regardless with the project to revive the 1980s hit films about parapsychologists in New York.

"He (Murray) won't be involved ... It's sad but we're passing it on to a new generation," Aykroyd told Metro magazine.

"Ghostbusters 3 can be a successful movie without Bill. My preference would be to have him involved but at this point he doesn't seem to be coming and we have to move on.

"It's time to make the third one."

The first Ghostbusters film, starring Murray, Aykroyd, Harold Ramis and Sigourney Weaver, was a hit in 1984.

Ghostbusters 2 was released in 1989.

- WENN