"I would hate to burst the bubble here, but no decision has been made at the moment. There's a lot of noise out there and nothing official has been confirmed,” Craig told US radio station Magic.
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"I'm not holding out for money or doing anything like that, personal decisions just have to be made at the moment. I know they are desperate to get going and I would, in theory, love to do it but there is no decision just yet," he stated.
However, the British actor has now confirmed that he will indeed reprise the role of James Bond one last time, ending months of speculation.
Craig made the revelation during an appearance on the US TV programme The Late Show on Tuesday. When asked by host Stephen Colbert whether he would return as James Bond, Craig responded "yes" to which the audience cheered.
Craig has appeared four times as the suave special agent in Casino Royale, Quantum of Solace, Skyfall and Spectre.
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Eon Productions declared on its website that the 25th Bond movie would be released in US cinemas on November 8, 2019, with a traditional early release in the UK and the rest of the world.
Colbert further questioned whether Craig would appear in any further Bond movies after this one to which the star retorted, "I think this is it. I just want to go out on a high note and I can't wait.”
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