By People Staff
June 16, 2009 12:00 AM
Jamie McCarthy/WireImage

Despite the rumors that Vera Wang has signed on to kick up her heels on Dancing with the Stars, the revered fashion designer says, not so fast.

“I don’t know yet,” she told PEOPLE of her plans to join the ballroom competition, adding that “there’s nothing” in terms of a signed contract.

“Part of me does want to do it,” she says, and “part of me doesn’t.”

Wang cited her busy schedule producing a ready-to-wear show in September and her bridal show in October as reasons she may not want to dance.

But how is she at the cha cha, the quickstep and the tango? “I’m okay,” she says of her dancing skills. “I’m not spectacular. I’m not a ballroom dancer — I’m free form.”

So, stay tuned to see if Wang will cut a deal with ABC. “They talked to me they talked to a lot of other ,” she says. “I was very flattered.”

At least she could design her own costumes! — Reporting by Jeffrey Slonim

Tell us: Would you like to see Vera Wang on Dancing with the Stars?Jamie McCarthy/WireImage