'They were honoured by the request, but declined the invitation,’ a source told the publication.
The award for Best Picture went to ‘Parasite’ on the night.
The royal snub may come as a surprise to some, given reports last month that former Suits star, Meghan is on the hunt for a Hollywood agent.
“Meghan is actively looking for representation. She has begun outreach,” a source told US Weekly.
“It can be a manager or an agent, but she’s reaching out to people to find someone to represent her for future professional projects.”
And all signs pointed towards a return to the screen when Prince Harry introduced his wife to Disney CEO Bob Iger at the Lion King premiere.
He was filmed saying Meghan, 38, “does voiceovers,” adding, “She’s really interested.”
The CEO replied “Sure. We’d love to try.”
Harry and Meghan also chatted to The Lion King director Jon Favreau, where the actress joked, “That’s really why we’re here — to pitch.”
The exchange saw Meghan get cast in a Disney documentary, in exchange for a donation to the charity Elephants Without Borders.