The AMAZING singer, 40, has been approached to write a production based on the phenomenally successful band he formed with school friend ANDREW RIDGLEY.
Michael and Ridgley enjoyed a string of hits - including British chart toppers CLUB TROPICANA and WAKE ME UP BEFORE YOU GO-GO - before they split in 1986.
Michael says, "I have been offered mega bucks, but to be honest, while the money is good I find the whole thing so cheesy and sad.
"I have not completely ruled it out, though.
"You can never say never."