"Will has approached Tom several times, trying to reconnect and see if they can hang out and brainstorm on some projects together," a source spilled. "A solid movie with Tom would guarantee Will's comeback, or so he thinks. Will has even offered to fly to London if that's more convenient, but Tom isn't biting and doesn't even write him back."
Though the Top Gun star, 60, feels bad for what Smith, 54, has had to endure over the past year, he doesn't want to "put his neck on the line and be dragged down by association," the insider noted.
Cruise is also trying to stay away from the entertainment industry in general.
"Tom is still very wary of any Hollywood friendships. He likes his reclusive lifestyle in the United Kingdom," the insider revealed. "He doesn't want to get sucked back into the Hollywood scene — especially by way of Will Smith. He's still kryptonite."
As OK! previously reported, the Emancipation star was furious when Rock made fun of his wife Jada Pinkett Smith's appearance at the glitzy awards show.
Now, Smith is speaking out about his actions.
“I completely understand — if someone is not ready, I would absolutely respect that and allow them their space to not be ready,” Smith told journalist Kevin McCarthy when asked what he would say to people who see him in a different light after the incident. “My deepest concern is my team – Antoine [Fuqua] has done what I think is the greatest work of his entire career. The people on this team have done some of the best work of their entire careers, and my deepest hope is that my actions don’t penalize my team. At this point, that’s what I’m working for.”