"We couldn't make the deal," says the source, who is close to the project. "It's completely dead right now."

So how will we find out what Uncle Jesse, D.J., Stephanie and the rest of the trusty Tanners are up to? And how will Mary-Kate and Ashley pay their rent? Well, it "could happen in the future," says the insider.

Earlier this week, Candace Cameron Bure (D.J.) told OK! magazine: "John Stamos has actually been working on a semi-remake of Full House. I know it would involve me and Jodie [Sweetin]...We would revive our characters but today as young women."

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