Cate Blanchett is leaving fans guessing about her regal return as British queen ELIZABETH I after insisting industry reports about a sequel to the hit 1998 movie ELIZABETH are untrue.

The actress has reportedly signed up to play the flame-haired queen in ELIZABETH: THE GOLDEN AGE, but comments she has made today (01SEP05) in Australia's Herald Sun might give producers pause for thought.

She says, "I'm really good friends with Shekhar Kapur (director) and he's forever saying he's going to do this movie or that movie and I think there was talk about it.

"There's so much there if it were to happen, but my initial instinct is, why (make it)?"

Hollywood's top trade magazines report the sequel would co-star Geoffrey Rush and Clive Owen and start shooting in April (06).