It looks like we  have finally found out if Bill Murray will or won’t be appearing in Ghostbusters 3. In an interview with the Metro newspaper Dan Aykroyd has said

Is Bill Murray doing it?

No, I can tell you he won’t be involved.

How do you feel about that?

It’s sad but we’re passing it on to a new generation. Ghostbusters 3 can be a successful movie without Bill. My preference would be to have him involved but at this point he doesn’t seem to be coming and we have to move on. It’s time to make the third one.

This may allow us to finally put all the rumors to rest of will Bill Murray be involved or won’t he be involved that have been circulating ever since the news that work had begun on Ghostbusters 3. It seems a great shame that one of the leading characters from previous films won’t reprise his role to hand over the legacy to a new generation of Ghostbusters, but I am pretty certain that we won’t have heard the last of this from Bill Murray.