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Angelina Jolie, who got her female action hero start playing the busty Lara Croft, will not be returning for the third installment of the popular franchise.

The rights to the series were just purchased by GK Films (who are producing Jolie's Untitled Serbian Love Story), reports Deadline, and plan on re-booting the franchise with a younger Croft.

Jolie, now 35, played the daredevil archeologist, based on the popular video game, in two blockbuster films in 2001 and 2003, and has said she has no interest in donning that famous bikini again.

However, with her close relationship with GK Films, (they also produced her recent film The Tourist) we have to wonder if Jolie will still be involved behind the scenes!