Actor David Arquette has dismissed reports suggesting he's the new owner of a Los Angeles strip club.

Sources claimed the Scream star had paid $1.5 million (£882,353) for the Crazy Girls venue earlier this week (beg01Sep14), but the 42 year old insists he has yet to seal the deal.

He says, "There's a rumour going around that I'm buying a strip club in Los Angeles, but we were going to turn it into a burlesque club.

"We had a meeting... (and) they wanted too much money to be honest... I did not buy a strip club, although I'm not against it."

Arquette has become somewhat of a burlesque businessman in Los Angeles - he runs racy club Bootsy Bellows, which is inspired by his mother's stage name from her days as a pin-up model and dancer.