Earlier some reports alleged that the duo are planning to get married after seeing each other for a couple of years.
But the 37-year-old actress took to micro-blogging site Twitter to clarify the news, saying she is just good friends with 46-year-old Akram.
"Hi guys! Been reading about my upcoming wedding with Wasim... Absolute Rubbish. Goes to show just how irresponsible media can be sometimes.
"Wasim Akram is a friend and will always be one!! He has a wonderful lady in his life... Rumours like these are uncalled for and disrespectful," Sushmita said.
"My beautiful people... When I find 'The One'... You'll be the first to know. Benefits of being my twitter family!!".