Baggs denied tabloid reports earlier this year that he was shooting a fly-on-the-wall reality series for Channel 4.
However, the former Apprentice star has insisted that he is still planning a return to the small screen.
Baggs told Digital Spy: "There is a TV show in the works and it is really moving very fast. But is nothing like the generic basic reality TV format that was reported in the press a while back.
"I don't know where that story came from. It wasn't such a bad idea, so I may steal it. [But] I will be on TV again with my own show very soon. I know far better than to reveal details, but worry not."
> 'The Apprentice' Final Five: Stuart Baggs The Brand gives his verdict