Showbiz
Robert Judges/Rex Features
The presenter, who appeared in five films and four TV series with the group, said he had already fulfilled his ambitions as an actor.
He is quoted by WENN as saying: "I feel I've had my fill of acting. I've worked with so many great people in the past - Alan Bleasdale, John Cleese, Alan Bennett - I just don't think I can top that."
Palin, 64, has spent the last 18 years fronting travel documentaries for the BBC.
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