The Britpop group's former guitarist has poured cold water on speculation that the 'Wonderwall' rockers are going to reform for the one-off gig.
Noel was approached by bosses of the ceremony, who tried to persuade him to get the 'Some Might Say' hitmakers to perform and accept the opportunity to be inducted into the Hall of Fame at the 2019 event.
However, the 50-year-old rocker says it will never happen because of his fractious relationship with his brother and the former group's frontman, Liam Gallagher, who he's barely spoken to since the band split up after a backstage bust-up at a festival in Paris in 2009, which resulted in Liam throwing his guitar around his older sibling's head.
Noel said: ''I've already been approached by the Rock and Roll Hall of Fame... The f**kin' fella from the Rock and Roll Hall of Fame came to me and said, 'Do you know in two years you'll be eligible for the Hall of Fame?' I said, 'Is that right?' He said, 'Yes.'
''And he started going on, and I said, 'Let me f**king stop you there. I know what it is. I know what it entails, and it won't be f**king happening, OK?'
''He invited me down to the Rock and Roll Hall of Fame itself and showed me all these exhibits of Oasis stuff. It's a great place and all that, but I won't be doing it, I don't think.''
The 'Holy Mountain' singer - who recently released his third solo LP 'Who Built The Moon?' - said that he thinks he is worthy of being inducted, but not his 44-year-old brother, who released his debut solo album 'As You Were' in October.
Asked if he thinks Oasis deserve the accolade, he told Rolling Stone magazine: ''I certainly think I do ... There could be a little miniature of me somewhere - a tiny little thing with a wobbly head.''
It comes after their rivals Radiohead said they won't attend the ceremony in 2018 if they are chosen to be inducted.
The 'Creep' group - made up of Thom Yorke, Jonny Greenwood, Colin Greenwood, Ed O'Brien and Philip Selway - are on the long list of nominees for next year's honourees, which will be narrowed to five inductees this month ahead of the show in April.
However, a representative for the band - nominated alongside the likes of Rage Against The Machine, Kate Bush, Bon Jovi and Nina Simone - confirmed that they won't be going to the ceremony.