The band were recently linked with a possible new recording for an upcoming update of festive TV classic The Snowman.
Guitarist Serge Pizzorno denied the rumours outright on Twitter, stating: "Incoming message..."To all our beautiful fans out there, rest assured that there is no way were are doing a f***g Snowman cover. Sergio x"
Noel Gallagher and Editors were also recently named as possible performers of a new version of the song.
Channel 4 confirmed plans to make a new version of the classic 1982 film last December. It was originally stated that 'Walking in the Air' would be replaced with a new original song.
'Walking in the Air' was performed by Peter Auty in the original film, while Aled Jones scored a big hit with his version in 1985.
Nightwish and The Maccabees are among other bands who have attempted cover versions in the past.
Watch 'Walking in the Air' from The Snowman below: