The image on Google Earth appears to show a grid-like pattern, which some have said resembles a planned city.
The ancient city was first mentioned by the Greek philosopher Plato, and legend holds it sank into the sea. The exact location of the city, and whether such a place even existed, has obsessed treasure hunters for centuries.
Google, however, had a much less exciting explanation for the undersea pattern.
"It's true that many amazing discoveries have been made in Google Earth, including a pristine forest in Mozambique that is home to previously unknown species and the remains of an ancient Roman villa," a statement from Google read. "In this case, however, what users are seeing is an artifact of the data collection process.
"Bathymetric [or sea-floor terrain] data is often collected from boats using sonar to take measurements of the sea floor," the statement added. "The lines reflect the path of the boat as it gathers the data."