There were reports that the 42-year-old manager of Yash Raj Films had been approached for the show.
"Just to clarify. I'm not going on big boss. It's a great show but I'm not the right person for this. Hell, no PS4, ill die!," Uday posted on Twitter.
"Bigg Boss", an Indian version of international reality show "Bigg Brother", sees a number of celebrity contestants living in a house under the surveillance of 24-hour multi-cameras.
Superstar Salman Khan will reportedly return to host the ninth season.
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