Denied: Liz Taylor Not on Life-Support

(wireimage)

The Internet was once again abuzz with rumors this morning after UK newspaper The Daily Mail reported that screen legend Elizabeth Taylor was on life-suppport after suffering near-fatal heart failure.

However, a rep for the two-time Oscar winner, 76, has released a statement saying it's all much ado about nothing.

"Ms. Taylor is fine," begins a statement released to Entertainment Tonight. "The rumors, which began in England, about her health are dramatic, overstated and untrue. Her hospital visit was precautionary. She will be returning home shortly. At present, she is surrounded by family, friends and fabulous jewels."