Frankel was presumably responding to an early Friday Life & Stylereport that claimed she was being replaced midway through The Real Housewives of New York City's third season by socialite Sonja Morgan.
"It was just signed yesterday," an insider told Life & Style.
In addition, the insider claimed that Morgan would replace Frankel around the third season's fifth episode.
"It's not pretty between Bethenny and the other cast members in the episodes that they've already taped." the insider told Life & Style. "I think the show is going to explode this season!"
This isn't the first time this year that Frankel was rumored to be leaving The Real Housewives of New York City -- which she has appeared on since it premiered last year.
While Bravo renewedThe Real Housewives of New York City for a third season in July, it began casting for additional housewives because all the women -- except Kelly Bensimon, who had joined the show for its second season -- were still unsigned. The reason for the hold-out was reportedly money.
Bravo offered no comment when asked about Frankel's new project and it subsequently began production on The Real Housewives of New York City in August with Frankel and the five other women -- Bensimon, Jill Zarin, Alex McCord, LuAnn de Lesseps and Ramona Singer -- all onboard, reportedly settling the contract dispute.
Shed Media U.S. -- which produces The Real Housewives of New York City -- will also produce Frankel's new show.
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