Although the filmmaker had expressed an interest in reviving the classic ghost story in the past, he prefers to focus on his two current projects, reported Entertainment Weekly.
Earlier this week, a media report said that Burton had confirmed the movie was happening with Warner Bros. A source in London claimed Burton told him that original stars Winona Ryder and Michael Keaton were on board and a script was already in hand.
A representative for the filmmaker said that the source's comment was fabricated and no "Beetlejuice" project is currently in development.
The original American comedy dark fantasy, directed by Burton, also starred Alec Baldwin, Geena Davis Jeffrey Jones and Catherine O'Hara. It released in 1988.