John Travolta and Jennifer Lopez were both attached to the film project, but now the entire idea has been scrapped - and instead, Dallas will be heading back to TV.
Network bosses at America's TNT have reportedly warmed to the pilot episodes of the updated Dallas and there are now plans to air them for fans.
Executive producer Cynthia Cidre, who tasted success as the writer of acclaimed film The Mambo Kings, plans to bring back the Ewings of Southfork in the oil-rich saga of family scandal and betrayals.
Larry Hagman, Patrick Duffy, Victoria Principal and Linda Gray starred in the original series. It is not known if any of the original cast will be returning for the revamp.