Universal's Mummy Unravels: Weisz Out

4/11/2007 8:49 PM PDT

Universal's Mummy Unravels: Weisz Out

BREAKING NEWS: Mum(my)'s no longer the word... TMZ has learned that Rachel Weisz is dropping out of the rapidly-rising three-quel of "The Mummy" franchise at Universal Pictures.

The actress won the 2006 Best Supporting Actress Oscar for her work in "The Constant Gardener," but more recently gave birth to another statuesque little guy: Henry Chance, who's now nine-months-old, and has apparently been living the sweet life -- vacationing last month with mom in Brazil.

Meanwhile, our spies tell us Weisz is up to her neck in other offers, with some four different projects coming together imminently, all of which will be juggled around newfound parenthood with "The Fountain" director (and baby-daddy) Darren Aronofsky.

As for Universal, despite her exit, the project hasn't yet entered into Queen Nefertiti's dreaded Tomb of Development Hell: Brendan Fraser and Jet Li are still very much attached, a studio rep confirms, as is "XXX" and "Fast and the Furious" director Rob Cohen, whose involvement was first reported here last January.