Green told MTV, "I'll tell you what, if a script for Austin Powers 4 gets written and then it gets green lit by whatever version of New Line is still making movies, and everybody agrees to do it, then we'll have something to talk about. But at this point, Austin Powers 4 is nothing more than something Mike Myers talked about off-handedly during the Shrek press." I guess you can't get more straightforward than that.
I can't help but be just a teensy bit disappointed that a fourth film is not going to happen. I am probably one of the few people who thought Goldmember was pretty darn funny. Plus, I thought Myers was on to a good idea when he said that the fourth film would focus on Dr. Evil (with maybe the exception of the first movie, Dr. Evil's side of things was becoming infinitely more interesting). One thing is for sure, by the looks of the trailer for Myer's latest character comedy, I think I would much rather get another Austin Powers movie than another installment of The Love Guru.