"Magneto" producer Lauren Shuler Donner gave Empire Online an update on the highly anticipated "X-Men" spin-off, saying that while screenwriter David Goyer's script is "brilliant," it's likely that the film won't ever see the light of day.

"I'm not sure that film is going to be made," she admitted. "The studio has a wealth of potential stories, and they have to stand back and decide which ones to make. And Magneto, I think, is at the back of the queue. Maybe it'll get made in five years—who knows?"

Whether "Magneto" winds up on the big screen in the future remains to be seen, but one certainty is that Ian McKellen will not reprise his role as the Master of Magnetism, at least not for any prolonged amount of time.

"I can tell you that Ian McKellen won't be playing the character the whole way through," said Donner, echoing McKellen's own statements made earlier this week. "We used Lola technology in ['X-Men: The Last Stand'] to de-age Ian and Patrick [Stewart] for one scene, but it's very expensive. To do that for a two-hour movie would be prohibitive financially. And to find a younger actor to fill Ian's shoes, that's pretty daunting. It's not easy."

Are you disappointed to hear that "X-Men Origins: Magneto" might never get filmed, or did you think the movie was a bad idea from the start? Let us know what you think in the comments section below or on Twitter, and head on over to Empire Online for their full coverage of the "X-Men" film slate!