The 22-year-old 'Harry Potter' star has apparently let go of the role due to her already pretty hectic work schedule, reported Daily Express.
Kenneth Branagh, who is directing the remake of the Disney classic, is said to have offered the part to the British star, but it was claimed Tuesday that Watson will not star in the upcoming film.
However, someone who has agreed to take part in the film is actress Cate Blanchett, who will play Cinderella's evil stepmother.