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Matthew McConaughey too expensive for sexy stripper sequel

Los Angeles - Matthew McConaughey will not appear in Magic Mike XXL.

While Channing Tatum, Matt Bomer and Joe Manganiello are all reprising their Magic Mike roles in the stripper sequel, the Oscar-winning hunk - who played greedy Xquisite owner Dallas - won't be in the new movie, director Gregory Jacobs has confirmed.

According to the filmmaker, the new movie is very different to the 2012 original and will see the stripping stars go out on the road.

He told The Playlist: "It's a road trip movie and put it this way, it's different enough that once you see it you'll understand why we made a sequel. No one will be accusing us of making the same movie twice."

It was previously suggested that McConaughey wouldn't be in the sequel because his fees have soared following his award-winning role in Dallas Buyers Club.

Magic Mike star Gabriel Iglesias, who will return as Tobias in the new film, said: "Word has it that Matt's probably not gonna be involved, because he's worth a lot of money now - that whole Oscar thing."

New faces are set to be added to the cast, though announcements have not yet been made.

Magic Mike XXL is scheduled for release in summer 2015.

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