She told The Sun: 'I wouldn't say no to something like Playboy if it's tastefully done. But I will never get my boobs out, unless it was for a professional acting job.
'They're my boobs. I don't want the world to see them. I see them as my private bits and I don't want the whole world judging them.
'But I'd love to do a period drama one day. I've seen nudity in a period drama and thought it looked tasteful.'
Michelle's nomination was just one nod ITV soap Coronation Street received at the awards.
They also got nominations for Alison King, who is up for Best Actress, and Best British Soap for the show.
EastEnders actress Jo Joyner led the awards nominations, after she was nominated for Best Actress and Best Dramatic Performance after her character Tanya Jessop was diagnosed with cancer.
Her on-off relationship with Max Branning also saw her and co-star Jake Wood nominated for Best On-Screen Partnership as well as Best Storyline.
Walford's farewell to cast stalwart Pam St Clement, who played Pat Butcher for 25 years, is nominated for the Best Single Episode.
Coronation Street and EastEnders will fight it out against Doctors, Emmerdale and Hollyoaks to be named Best British Soap.
A Lifetime Achievement Award and a Special Achievement Award will be announced on the night.
The awards, held in London later this month, will be presented by Phillip Schofield and be shown on ITV1 in May.