Next Top Model's ninth series aired earlier this year and featured Elle Macpherson, Tyson Beckford and Dannii Minogue on the judging panel.
It is believed that the broadcaster has instead opted to focus its attentions on rival model reality show The Face, which stars Naomi Campbell.
A rep for the broadcaster told DS: "After nearly a decade on air, BINTM won't be returning to Sky Living next year.
"We'd like to take this opportunity to thank all of the talent who have been involved in the series, with particular thanks to Thumbs Up Productions, exec producer and host Elle Macpherson and this final season's judges Dannii Minogue and Tyson Beckford."
Britain & Ireland's Next Top Model has never matched the notoriety or success of its sister series in America, which is hosted by Tyra Banks and has been commissioned for 21 seasons.
Previous judges and hosts on the British show have included Lisa Snowdon, Whitney Port, Julien MacDonald, Huggy Ragnarsson and Paula Hamilton.
The 23-year-old Lauren Lambert won the final series of BINTM in the summer.
Watch the best bits of nine series of Britain & Ireland's Next Top Model: