It was previously suggested that the actor, who was fired from the CBS comedy earlier this month, could be re-hired by the show. NBC News's Jeff Rossen tweeted that the broadcaster was "happy" to have Sheen back and had offered him a return.
However, TMZ has claimed that the story is 'simply bogus,' citing sources connected to the show who claim that any decision on whether to reinstate the 45-year-old lies with Warner Bros. and not CBS.
The site states that the programme's executive producer Chuck Lorre has held meetings about Two and a Half Men's future and the possible recasting of Sheen's role.
Sheen has reportedly filed a $100,000,000 (£62m) lawsuit against Warner Bros and Lorre.
The actor, whose new tour 'My Violent Torpedo Of Truth/Defeat Is Not An Option' sold out in record time, recently celebrated acquiring his three millionth follower on Twitter.