The Tate Modern in London planned to use a nude snapshot of the actress posing in a bathtub when she was merely a child as part of its Pop Life: Art In A Material World show.
Exhibition organisers separated the image from the other works, giving it its own room and warning the public that some visitors could find the image "challenging".
The planned exhibit caused a storm of controversy from U.K. children's charities, who insisted the photograph would be "a magnet for paedophiles".
Michele Elliott, founder of Kidscape, said, "Brooke Shields was 10 years old when this picture was taken. She could not have given informed consent to it being used. It must be bordering on child pornography. It is certainly not art."
Now, Tate Modern management has decided to leave the image out of the exhibition, following a visit from Scotland Yard's Obscene Publications Unit, according to reports.
A Metropolitan Police spokesman says, "The officers have specialist experience in this field and are keen to work with gallery management to ensure that they do not inadvertently break the law or cause any offence to their visitors."
Meanwhile, a Tate representative confirms the exhibition has been "temporarily closed down".