Movies
Rex Features
Entertainment Weekly had reported that the Superbad star was in talks to play the college roommate of LaBeouf's character Sam Witwicky.
However, the magazine now claims that negotiations between Hill and DreamWorks have broken down.
Transformers grossed more than $700 million worldwide following its release last summer. The second instalment will film later this year in Philadelphia.
Hill, who can currently be seen in Forgetting Sarah Marshall, is in line for a cameo role opposite Ben Stiller in Night at the Museum 2.
> Bay tries to fool 'Transformers' fans
Movie Reviews
'Extremely Loud & Incredibly Close' reviewTom Hanks features in a long and winding journey through New York after 9/11
At the Movies
David Lynch: 10 reasons to worship himIt's time to celebrate director David Lynch as the BFI screens a season of his films.
Movies Interviews
Max von Sydow 'Extremely Loud' interviewActing legend Max von Sydow on Extremely Loud & Incredibly Close, The Exorcist and Flash Gordon.
Box Office Charts
'The Woman in Black' wins UK box officeThe Woman in Black beats The Muppets and Star Wars at the the UK box office.
