Led Zeppelin frontman Robert Plant has turned down an offer to reform the legendary rock band for a 35-city reunion tour, according to UK's Mirror.

A deal to have the living members of the group go on a reunion tour was offered by Virgin Atlantic owner Richard Branson at $800 million. Founding members Jimmy Page and John Paul reportedly agreed right away while Plant asked for 48 hours to think about the offer before ultimately declining.

"They have tried to talk him round but there is no chance. His mind is made up and that's that," a source close to the band told the publication. Plant reportedly ripped the contract in front of promoters.