EXCLUSIVE: No Britney Spears-Justin Timberlake collaboration in the works

Cry us a river!

Despite reports that former couple Britney Spears and Justin Timberlake are working on new music together, ET has confirmed there is currently no such collaboration in the works.

A source close to Timberlake exclusively tells ET that recent speculation about the pop stars teaming up are false.

WATCH: Britney Spears' Las Vegas Show Derailed When a Man Storms the Stage

Rumors ran rife after Pop University podcast hosts Maddie Lazer and Hannah Rowston claimed that producer Timbaland told them Spears-Timberlake music was "coming."

According to the pair's recent podcast, they approached Timbaland at Thursday's taping of ABC's Boy Band and asked about "Justney."

See photos of Britney Spears and Justin Timberlake together:

Britney Spears and Justin Timberlake together
See Gallery
Britney Spears and Justin Timberlake together
(NO TABLOIDS) Britney Spears and Justin Timberlake during The 2000 MTV Video Music Awards at the Radio City Music Hall in New York, NY. (Photo by Kevin Mazur/WireImage)
Chris Kirkpatrick, Justin Timberlake, Britney Spears and Joey Fatone (Photo by Jeff Kravitz/FilmMagic)
383913 01: Pop singer Britney Spears and Justin Timberlake of ''N SYNC leave the Newsroom restaurant after having lunch together January 4, 2001 in Beverly Hills, CA. (Photo by Jason Kirk/Online USA)
Britney Spears & Justin Timberlake of NSYNC at the Shrine Auditorium in Los Angeles, CA (Photo by Jeffrey Mayer/WireImage)
Justin Timberlake, Britney Spears and Chris Kirkpatrick (Photo by Jeff Kravitz/FilmMagic, Inc)
Britney Spears and Justin Timberlake (Photo by Ron Galella/WireImage)
UNITED STATES - JULY 01: Photo of Britney SPEARS and Justin TIMBERLAKE; with Justin Timberlake from N'Sync (Photo by Christina Radish/Redferns)
Singer Britney Spears (L) and her boyfriend, Justin Timberlake of 'N Sync, warm up prior to the celebrity basketball game at the pop band's 'Challenge for the Children III' charity event at the Thomas & Mack Center July 29, 2001 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
Britney Spears and Justin Timberlake (Photo by Jeff Kravitz/FilmMagic)
396961 02: (ITALY OUT) Singer Britney Spears and her boyfriend Justin Timberlake attend the Britney Spears and Jive Records Release Party for Britney's new album 'Britney' November 6, 2001 in New York City. (Photo by Arnaldo Magnani/Getty Images)
UNITED STATES - JANUARY 01: Photo of Britney SPEARS; with Justin Timberlake (Photo by Christina Radish/Redferns)
UNITED STATES - CIRCA 2002: Hostess Britney Spears and host Justin Timberlake at SuperBowl Party at Planet Hollywood to raise funds for their charities. (Photo by Richard Corkery/NY Daily News Archive via Getty Images)
Britney Spears and Justin Timberlake during Justin Timberlake and Britney Spears Host 'Saturday Night Live' - After Party - February 2, 2002 at New York City in New York, NY, United States. (Photo by Ron Galella/WireImage)
400521 01: Britney Spears and Justin Timberlake arrive to host a Super Bowl XXXVI fundraiser February 3, 2002 at Planet Hollywood in New York City. Britney and Justin will unveil personally designed T-Shirts to be sold at Planet Hollywood with the proceeds benefiting their favorite charities. (Photo by Diane L. Cohen/Getty Images)
(NO TABLOIDS) Justin Timberlake & Britney Spears during Super Bowl XXXVI - Britney Spears & Justin Timberlake Host Super Bowl Fundraiser at Planet Hollywood Times Square at the Planet Hollywood Times Square in New York City, NY. (Photo by Denise Trusc
10 Feb. 2002: Britney Spears and Justin Timberlake watch the 2002 NBA All Star Game at the First Union Center in Philadelphia, PA. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consentingto the terms and conditions of the Getty Images License Agreement. Mandatory copyright notice and Credit: Copyright 2002 NBAE Photo By: Andy Hayt/NBAE/Getty Images
Justin Timberlake and Britney Spears at the 'NBA All-Star Game' at the First Union Center in Philadelphia, Pa. 2/10/02 Photo by Scott Gries/NBAE/ImageDirect
PHILADELPHIA, PA - FEBRUARY 10: Pop superstars Britney Spears (R) and boyfriend Justin Timberlake (L) talk as they sit courtside at the NBA All-Star Game 10 February 2002 in Philadelphia. (Photo credit should read TOM MIHALEK/AFP/Getty Images)
Britney Spears and boyfriend Justin Timberlake arrive at the premiere of her movie 'Crossroads' at the Mann Chinese Theatre in Hollywood, Ca., Feb. 11, 2002. (photo by Kevin Winter/Getty Images)
Justin Timberlake and Britney Spears (Photo by Denise Truscello/WireImage)
Justin Timberlake and Britney Spears at the Beverly Hills Hotel in Beverly Hills, California (Photo by Lester Cohen/WireImage)

After the GRAMMY-winning producer and Boy Band architect realized they were referring to the pop superstars supposedly working with him on new music, his eyes reportedly widened.

"He turns his head slightly to the side because he knows exactly what he's saying, he grins and he's like, 'Oh, it's coming!'" the podcast hosts shared.

Spears and Timberlake dated from 1999 to 2002.

Last year, Spears confessed she would love to work with the former *NSYNC hunk during a fan Q&A on Most Requested Live With Romeo. "He's very good," the 35-year-old "Make Me" singer said.

NEWS: Justin Timberlake and Jessica Biel Holds Hands on a Sunday Stroll in NYC

Timberlake, 36, then told E! News he would totally be up for working with his ex. ""I'm accessible. Give us a call!" he said.

There's still time to make that call, Brit!

See recent photos of Britney Spears:

Britney Spears' sexiest Instagrams of 2017
See Gallery
Britney Spears' sexiest Instagrams of 2017
πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ’„πŸ’„πŸ’„πŸ’„πŸ’„πŸ’„
What's better than sweats and a tshirt? 😊
πŸ‘’πŸ‘ πŸ‘’
We’re getting creative at our house lately... 🌺🌸🌷🌸🌺🌸🌷
Donny always makes me smile and happy πŸ’—πŸŽπŸ’— #PieceOfMe
So in love with this puppy 🐢@samasghari πŸŽƒπŸŽƒπŸ‘»πŸŽƒπŸŽƒ #HappyHalloween
We’ll get through this together ❀️ See you Wednesday #VegasStrong
πŸ‘™πŸ‘ πŸ‘—πŸ‘―πŸ’ƒπŸΌπŸ’…πŸ»πŸ‘…
You never know who you’re going to meet at dinner parties!! πŸŽ‰ Great night! So much fun, thank you Cade! πŸƒπŸƒ
Who says you can’t do fashion week at home! 😜 πŸ‘ πŸ‘—
πŸ πŸ πŸ’πŸ’πŸŒΈπŸŒΈπŸ₯€πŸ₯€πŸŒˆπŸŒˆ
β˜€οΈβ˜€οΈβ˜€οΈ @disneyland
When this song came out, I lost my mind like a little kid!!! I fangirled and cried!! πŸ˜‰πŸ˜‰πŸ˜œπŸŽ€πŸ‘›πŸŒΈ
🌸🌸🌸 @britneyspearsfragrances πŸ“·: @randeestnicholas
On days where I don’t get primped and made up for my show, this is the real unglammed me… so nice to meet all of you!! πŸ˜‚ I call this my morning coffee at home look β˜•οΈ #NoMakeupMonday if you don’t count the leftover mascara under my right eye... πŸ˜‚πŸ˜œ
Staying focusedπŸ‘™πŸ¦‹πŸŒΊπŸŽ€
Beautiful day for an outdoor workout!!! πŸŽ€
My favorite dress πŸŽ€πŸ’œπŸ‘ πŸ‘ πŸ‘ β€οΈ
I'm a girl boss, baby πŸ˜‰πŸ˜‰πŸ˜‰πŸ˜‰
#flashbackfriday ❀️
Had a couple of weeks off… ha!! Well, not really… been keeping my body strong and motivating myself everyday!! There’s nothing like mommy and workout time, the beautiful outdoors, and flipping into gearΒ πŸ¦‹πŸŽ€πŸ˜‰πŸ˜‰πŸ˜‰πŸ˜‰
πŸ‘ πŸ‘ πŸ‘ πŸ‘  @britneyspearsfragrances
Tel Aviv here I come!! Can't wait to take the stage at Park Hayarkon on July 3rd! Hey @guypines, see you there!!
Throwback to Japan!!!!! Absolutely loving everything about this tour! So incredible!! Can't wait for Bangkok ✨
Excited for a great show here tonight in Osaka πŸ¦‹πŸŒΊπŸ¦‹
Great workout this morning! Woke up in Japan feeling free and grateful. Better work bitches!
Getting ready to leave for tour! See you soon Japan πŸ‡―πŸ‡΅
What's your favorite color? πŸ€”πŸ€”πŸ€”πŸ¦‹
Friday night fun... thanks for the little black dress @pninatornai πŸ’–
#tbt πŸŽ€πŸŽ€πŸŽ€
Great run in Vegas! Be back Next week!
Happy #RDMA Day 🌺🌺
Back at the gym.... stretch and run all the way πŸ’•πŸ‘™πŸ’•πŸ’•πŸŒΊπŸŒΈπŸŽ€
Isn't spring great πŸ˜‰πŸ˜‰πŸ˜‰πŸ˜‰
My special message to the amazing women who were celebrated at #MusicRowMagazine #RisingWomen breakfast today πŸ’œ #girlpower
I love my backyard πŸƒNo sneaky paps here!! πŸ˜‰
Missing the water already... #tbt
Another great day 🌺🌺
Training keeps me motivated and inspired... but I'd rather be dancing πŸ˜‰πŸ’ƒ
Last show of the week with @samasghari 🏡🏡🏡
Option 1 or option 2? πŸ‘— #ootd
TGIF β˜€οΈ
Just another humble workout post 😜😜😜
Another day, another runway πŸ‘ πŸ‘ πŸ‘ 
Just doing my own runway show 🌺🌺🌺
Staying motivated πŸ’ͺ
Blessed day πŸ’œπŸ’œπŸ’œ
Owning my temple, my body, through yoga πŸ’•πŸŽ‰ but I really need to find one of those cool round mats!!
Thank you again for the beautiful dress @uelcamiloofficial @doraziopr #tbt #pregrammygala
Before hair and makeup πŸ’„πŸ’‹Β #PreGlam #PreGrammyGala #Latergram
Family time β˜€οΈ
🐯🐯🐯 photo by @denisetruscello

Read Full Story