Her clarification follows rumours that she has been offered a role in a Yash Raj Films venture.
"For all the speculations and source stories, I'm right now on for #Ghazi and an untitled movie under #RisingSunFilms ONLY period," she tweeted.
"Ghazi" is based on the PNS Ghazi submarine that sank mysteriously off the Vizag coast in the Bay of Bengal.
Taapsee will essay a refugee in the film, which will see actor Rana Daggubati play a naval officer.
Directed by debutant Sankalp, the film will be partially based on his own book "Blue Fish".
The story is about an executive naval officer of the Indian submarine S21 and his team who remain underwater for 18 days.
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