Will Ferrell has revealed that he was offered £22.9 million by the studio to film a sequel to 2003 Christmas film Elf.
In most houses it is a Christmas tradition to sit down over Christmas and watch Will Ferrell run through New York in green tights.
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All we have ever wished for is more snowball fights, the best coffee in the world and angry elves but it sounds like Santa won't be able to make our Christmas wishes come true this year.
Will Ferrell has made it clear in the past that he isn't up for digging out the tights and costume and now it's been revealed that even a huge sum of money can't convince him.
Speaking to The Guardian, Ferrell revealed that he was offered an eye watering sum of almost £23 million but turned it down in case the sequel turned out rubbish.
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Ferrell said: "That's what was on offer for it.
"But I killed the idea of a sequel. I never liked it $29 million does seem a lot of money for a guy to wear tights, but it's what the marketplace will bear.
"It's insane, but it's not my call. The studios perpetuate it and they make it hard to say no."
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He also added: "It wasn't difficult at all. I remember asking myself could I withstand the criticism when it's bad and they say, 'He did the sequel for the money'?
"I decided I wouldn't be able to. I didn't want to wander into an area that could erase all the good work I've done - but you watch, I'll do some sequel in the future that's crap."
Maybe if we sing loud and clear for all to hear he will change his mind?
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At least we know that if we did ever get a sequel it wouldn't be rubbish as Ferrell is refusing to sign up for anything below our expectations.
Which is definitely a good thing as Elf has recently been voted the best Christmas film of all time.
The Christmas classic beat Home Alone, The Polar Express, The Nightmare Before Christmas and The Santa Clause, according to Ranker.
Topics: TV News, TV Entertainment