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The Sun had first reported the anonymously sourced story which claimed the director was in talks with a major streamer to helm a movie or series about the Titan voyage.
The ill-fated submarine met its fate in the North Atlantic Ocean, close to the wreckage of the iconic Titanic, on June 18.
Cameron reveals that numerous individuals in the region had alerted Ocean Gate to the safety concerns associated with taking passengers into the deep sea.
The journey to the spot, which is 3.8 km below the sea-level, takes two hours and the return journey also consumes an equal time.
The US Coast Guard and OceanGate Expeditions recently announced that the tourists onboard Titan are declared dead.
The $250,000-a-head Titan expedition to the Titanic's wreck, which killed five passengers in an under-water implosion while on the way to visit the Titanic wreak is just one example of extreme tourism that is becoming more commonplace for those who can afford it.
Experts are reviewing the information gathered by the remotely operated vehicle that was deployed from a Canadian ship, the agency said on Twitter, without offering additional details.
The Titan submersible was estimated to have about a four-day supply of breathable air when it launched Sunday morning in the North Atlantic.
Mike Reiss adds that he is 'not optimistic' about a rescue of the missing submarine that was exploring the Titanic wreckage.
Underwater craft Titan vanished on Sunday with five people onboard while on a deep-sea tourist voyage to the world-famous, century-old shipwreck of the Titanic.