Cyrus, who stars on the popular show alongside his daughter Miley, was widely quoted as saying Obama's daughters -- Malia, 10, and Sasha, 7 -- had been invited to be guest stars on "Hannah Montana" and would probably be on an episode in April.
However, sources in Obama's camp later said the girls had no plans to appear on the series.
"Oh, to tell you the truth now, this thing got a lot bigger, a lot quicker than I ever planned," Usmagazine.com said Billy Ray Cyrus told reporters at the CMA Awards in Nashville Wednesday. "It's a double-edge sword for me because, first of all, I have a great deal of respect for President-elect Obama ... I just mentioned about them being on the show, and it snowballed."
Cyrus went on to say he would understand if Obama didn't want his girls to go on television.
"As a daddy, I'll say to him what I say to any daddy, you may not want your daughter to get into show business," Cyrus said. "But if the girls want to be on the show, and him and his wife think it's a good idea, I always say, everything in life, what's meant to be will happen."