Eddie Murphy is not retiring from movies.

The actor has quashed rumors he is quitting Hollywood to return to stand-up
comedy.

His spokesperson said: "Eddie is not retiring. 'Beverly Hills Cop IV' is in
development."

The 'Nutty Professor' star is desperate to rescue the 'Beverly Hills Cop'
franchise after the "horrible" third installment.

Speaking to MTV, Eddie said: "The third 'Beverly Hills Cop' was horrible! I
didn't want to leave it like that. The first two were cool and the third one
was s****y. Let's get the franchise fixed again, clean up this old mess and
do a good movie.

"Don't just leave Axel with his thumb up his a*s from the last movie.

Whatever happened to Axel Foley? He's sitting in Detroit with his thumb up
his a*s since 'Beverly Hills Cop III.' Let's take those thumbs out and make
a great movie!"

Eddie, 47, admits he is still proud of playing the wisecracking detective
because of the widespread recognition it brought him.

He said: "When I go overseas they still call me Axel Foley - kids call me
Axel Foley.

"I think that character, it resonated like no other movie, like nothing that
I've done before."

A 15 foot tall replica of Eddie Murphy standing in Times Square to promote his new film 'Meet Dave

Eddie's ex and baby mama Mel B outside of Mr Chows last week.

Melanie Brown on her new album:

"The working title on my new song is 'Beverly Hills C*ck' because that is what he is. He never bothers with his daughter. I mean, what kind of man is that?"