'Jack Ryan: Shadow Recruit' was released earlier this year to mixed critical reviews, reported Variety.
"I don't think it made enough money for a sequel to happen. That's one of my deep regrets, that we didn't totally get that right.
"It's a great franchise and if it's not me then I hope it gets a fifth life at this point. It's just great. I love the spy genre. I hope it's done again and with a great story," Pine said.
Meanwhile a release date of July 8, 2016 has been set for Pine's next outing as Captain James T Kirk in 'Star Trek 3'.
Pine, 34, is currently featuring in 'Into The Woods', a big-screen adaptation of the Stephen Sondheim musical directed by Rob Marshall and starring Meryl Streep, Johnny Depp, Emily Blunt, Anna Kendrick and James Corden.