Chapman's lawyer, Robert M. Baum, says the Russian spy has "no interest in our offer or in adult films."
But Vivid co-founder Steven Hirsch told TMZ that the offer's still on the table if Chapman ever changes her mind.
Chapman was one of 10 spies who pleaded guilty to espionage charges last week and was deported to Russia on July 8.
Vivid recently released E! TV Network star Kendra Wilkinson's video and had offered Nadya "Octomom" Suleman $1 million to make a film with the studio, but she declined.
"Anna was obviously the hottest spy we've seen in years and she was clearly the media's favorite," Hirsch said in his offer. "Though she wasn't very successful as a spy, we think she can be a terrific actress in one of our upcoming feature films. We would be willing to send our top director, B Skow, to Moscow to work with her."