Bateman starred with the screen icon in the 1994 television movie This Can't Be Love, where Hepburn played an ex-actress who unexpectedly falls in love in the twilight of her life.
Bateman opened up to GQ about working alongside Hepburn, saying: "Probably the most amazing person I've ever worked with was Katharine Hepburn. I think it was her last job. Don't write that I killed Katharine Hepburn... It was just a movie made for television in the early 1990s called This Can't Be Love.
"We were doing a scene and she basically said, 'Stop acting'. I said, 'You mean as a career'? But she replied, 'No, no, you're doing too much. Just say the words'. That was very helpful. You want to seem like you're not doing anything when you're acting - you're supposed to look normal. So if you see any acting, that's probably not a good thing."
Arrested Development star Bateman also cited Bill Murray and John Cleese among his comedy "heroes".
He said: "Bill Murray, actually, is probably my favourite comic actor working today. He is a guy who never asks for a laugh - he's being the audience's representative on the screen. He is always reacting pretty truthfully to what's going on and you have to search his face for what he's thinking. I always find that enjoyable as an audience member - I don't like to be told what's going on inside somebody.
"He's a master at being subtle and that's something that I definitely strive for. Having said that, and not to sound like a suck-up, British humour is really my favourite. My mother's British, and that was kind of my first exposure to comedy was her dry, sarcastic wit. So people like John Cleese, Ricky Gervais and Sacha Baron Cohen are just heroes to me."
Bateman previously revealed that the Arrested Development movie will be filled with celebrity cameos.
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Watch Jason Bateman discuss the Arrested Development movie with Digital Spy below: