John Travolta is pleased to report that boy band 'N Sync will not be appearing in

Grease 3 — despite claims to the contrary by one of the group's members.

"Most likely, it's Grease 3," 'N Sync's Lance Bass recently told reporters. "We're definitely going to do one. Everything just got put on hold because of the SAG strike, which is just very bad timing for us, but we're going ahead and getting the script written."

But Travolta — who headlined the original 1978 film opposite Olivia Newton-John — tells TV Guide Online that the franchise will not be handed over to the bubble-gum poppers. "It won't be called Grease 3," he says. "I was told Paramount owns the Grease name and they're not doing that."

So, who are we to believe? Travolta, according to a Paramount spokesperson. "We're not doing Grease 3," says a studio rep. Calls to 'N Sync's camp were not returned at press time.

As it is, the Oscar-nominated Travolta — who plays another smooth operator in his latest film, Lucky Numbers, opening Friday — could have done without Grease 2, the 1982 follow-up starring Maxwell Caulfield and Michelle Pfeiffer. "It should be left as-is," admits Travolta, who apparently would rather see a sequel to last summer's classic catastrophe, Battlefield Earth. "Like American in Paris [and] Cabaret, Grease should be left alone."