Lopez posted a statement on Twitter.
It was reported back in April that power couple was looking into purchasing the team.
The pair were reportedly working with J.P. Morgan to raise the funds needed.
A-Rod and J-Lo's net worth is reportedly around $700 million.
Back in December, the Wilpon family had a deal to sell the Mets to hedge fund titan Steve Cohen for $2.6 billion, but the deal fell apart.
Cohen is once again the leading contender to buy the Mets, and could reach a deal within days.
It is expected the deal, if finalized, would give him immediate control of the team.