However, it later came to light that he'd cut off talks with Netflix because his busy schedule simply wouldn't have allowed him the time it takes to make The Crown.
Speaking on today's Lorraine (April 11), Paul explained: "We discussed it. We just couldn't come to terms on dates really. [That] is all that happened.
"100%, I'll remain a fan of it – it's fantastic," he added.
The role has ultimately been given to Tobias Menzies, who'll now star opposite Olivia Colman who takes over the role of Queen Elizabeth from Claire Foy.
Paul was joined on Lorraine Kelly's sofa by his Infinity War co-star Elizabeth Olsen, where the pair admitted that they were given fake scripts to keep the plot details secret.
"It's [the plot] kept secret from us, I still don't know what it is," Elizabeth said. "I didn't see half the script, they gave us pages that only pertain to our characters and then they verbally explained things to us. And even then we had lies in our script."
"We have fake stories," added Paul. "Fake endings."
Netflix has yet to announce when The Crown's third season will begin streaming worldwide.
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