gpaltrow04y.jpgDon't quit your day job Gwynnie!

Paltrow's talks for a record deal with Atlantic Records has recently gone kaput, according to reports. Did the execs accidentally see Country Strong?

The Oscar winner was close to a deal in March with Atlantic Records, after her Glee cover of Cee Lo Green's F*** You! was a huge hit on iTunes.

A source revealed to Page Six: "Atlantic bosses were very interested, and [Atlantic owner] Warner chief Lyor Cohen was very supportive. But then the talks halted and the deal fizzled out. There was a rumor that Paltrow wanted $1 million to sign, but that is a ridiculous figure. Atlantic is still interested in signing her."

Paltrow's rep said in a statement: "Atlantic was not the only company pursuing her, and she still has not decided if she wants to record an album. It is still something she is considering."

Find out where Miss Paltrow may make a guest appearance this summer, after the jump ...