The 27-year-old Grammy Award-winning artist did not want to sing the theme song as she would have found it too difficult to top 2012's "Skyfall", which won the Academy Award for best original song, reported Daily Mirror.
"Adele was James Bond himself's first choice. Daniel Craig was really keen and Sam Mendes (director) was 50/50 over whether to use her or a fresh voice. Filmmakers were prepared to offer millions but Adele was never up for it.
Producers then decided to turn to "Stay With Me" hitmaker Smith, whose theme "The Writing's On The Wall" will be revealed on Friday.
"Spectre", which will feature Craig in his fourth performance as James Bond, is due to be released in the UK simultaneously with its London world premiere on October 26 before hitting the US on November 6.
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