mfox033009_10_X17.jpg Megan Fox will not be appearing in the third installment of the mega successful Transformers franchise, as Paramount has decided not to pick up the actress' option to star in the film.

Deadline.com reports that this was "ultimately" director Michael Bay's decision, and right now he's working with writer Ehren Kruger to complete the script which gives Megan's co-star Shia LaBeouf "a new love interest [that] makes more sense for the story."

After Megan compared Michael to suggesting that she was back for good!

Calls to Megan's rep haven't been returned, but Paramount has confirmed the news, and a totally fake Paramount Films Twitter account says, "The real reason we did not pick up Megan Fox's option for Transformers 3 is because we think that Marilyn Monroe tattoo on her arm is stupid." Hopefully Megan learned her lesson, but you can bet every reporter is going to ask about this when she starts doing press to promote Jonah Hex, which hits theaters on June 18.