While the news is devastating for a generation of 90s' kids, reports suggest Victoria's fashion empire might be one of the reasons she's opting out.
"We're told Victoria and her camp have not been part of the talks, and no one's reached out to them to join negotiations. It's no skin off Posh's back, because our sources say she's busy working on her fashion line," alleged TMZ.
Earlier this year Nick Carter, of Backstreet Boys fame revealed that the boy band would be joining forces with the Wannabe hitmakers for an epic tour!
"We've had conversations, I've had conversations with Scary Spice and Emma, and we've talked about it," the BSB member revealed during an interview. "We're always open to doing a tour with them. I think it would be an epic tour."