"If someone's medical condition is a factor in their decision making and/or their performance, we acknowledge that it is not appropriate to give them a Razzie," the statement, sent to the New York Post by the Razzies founders, continued.
They will also take back The Shining's Shelley Duvall's Razzie as well.
"As we recently mentioned in a Vulture interview, extenuating circumstances also apply to Shelley Duvall in 'The Shining'," they added in the statement.
"We have since discovered that Duvall's performance was impacted by Stanley Kubrick's treatment of her throughout the production. We would like to take this opportunity to rescind that nomination as well."
The awards also tweeted an apology to Willis after the announcement of his diagnosis.
"The Razzies are truly sorry for #BruceWillis diagnosed condition. Perhaps this explains why he wanted to go out with a bang in 2021. Our best wishes to Bruce and family."
