Despite rumours that have been spreading like wildfire, it looks like Nicholas Tse and Cecilia Cheung are not reconciling anytime soon.

Things seemed to have taken a dramatic turn lately for the couple, whose five-year marriage ended abruptly last year.

The pair were spotted spending a lot of time together, along with their two children, Lucas and Quintus, sparking off speculation that they are reconciling.

Most recently, the family of four were reunited when Lucas, four, performed at school.

However, Cheung, 31, denied that things are back to the way they were between her and Tse, also 31.

In response to whether there is a chance of them getting back together, the actress replied: "No. I won't. We are fine as friends at this moment and (I) wouldn't want to change the relationship," she said.

She said the thought of reconciling has never crossed her mind, urging the press to not "read too much into things."