The movie, also starring Kim Cattrall and Kristin Davis, underperformed at the US box office and received a mixed response from fans and critics.
A source told the National Enquirer: "Don’t look for Michael on future projects - SJP feels he’s lost his hit-making touch.
"She felt unsure about the script from the start, especially the whole ‘the girls drop in on Dubai’ twist, but Michael assured her they had a blockbuster on their hands... and told her to trust him. She did - but she won’t make that mistake again."
It was reported last month that a Sex And The City prequel is in the works.