Megan Fox says she wasn't dropped from "Transformers 3."

It was reported earlier Wednesday (May 19) that the actress, who starred in the first two installments of the "Transformers" franchise, wouldn't be cast in the third picture, set to shoot this summer. A rep for Paramount confirmed to MTV News that the studio didn't renew Fox's option.

Now, Fox is saying it was she who opted out.

"Megan Fox will not be starring in 'Transformers 3,' " reps for the actress, 24, told People magazine. "It was her decision not to return. She wishes the franchise the best."

Fox and Michael Bay famously exchanged heated words around the release of "Transformers: Revenge of the Fallen" last summer, with the actress comparing the director to Hitler and the director saying the actress "still has a lot of growing up to do."

Despite their contentious relationship, the pair seemed set to reunite this summer for a third "Transformers" flick. But Deadline.com broke the story earlier today that Paramount had declined to pick up Fox's contractual option for "Transformers 3" and that giving star Shia LaBeouf a "new love interest makes more sense for the story," according to an unnamed source.

Fox's next project, "Jonah Hex," will be released June 18; it's an action film also starring Josh Brolin, John Malkovich and Will Arnett.

"Transformers 3" is set to hit theaters July 2011.

Check out everything we've got on "Transformers 3."

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