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The actor plays The Comedian in the highly-anticipated blockbuster, which follows a group of vigilantes working in the Cold War period of 1985.
Speaking to Moviehole, he said: "We are all signed for sequels... but I’d say unless Alan Moore says he’s gonna write something, we’ll never see Watchmen 2.
"I doubt [director] Zack [Snyder] would do another and without him, I wouldn’t go back, and I can’t imagine any of the other actors would want to either."
He added: "I’d love to be a fly-on-the-wall in the meeting in which someone brings up a Watchmen sequel, especially if it happens with Zack around, because he won’t want any part of it. I think this is it; what you see, is what you get. It was always a oner for me."
Watchmen is released in the UK on March 6.
> Click here to see the trailer for spinoff DVD Tales Of The Black Freighter
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