The 82-year-old has distanced himself from the possibility of starring in the forthcoming action film, reported Digital Spy online.
"I'm probably more apt to direct something. Maybe I'll direct 'Expendables 3'. I haven't had the opportunity to see 'The Expendables' yet. I haven't read any material," Eastwood said.
"The Expendables 3" producer Avi Lerner recently revealed Eastwood and Harrison Ford have both been approached about appearing in the franchise, which stars Sylvester Stallone, Jason Statham and Arnold Schwarzenegger, but he was unsure whether Steven Seagal would be in the film.
"I have started to speak to Clint Eastwood and Harrison Ford. I'm not sure about Steven Seagal, we'll see," he said.