The 31-year-old Taylor is considered the Steelers' No. 1 cornerback. Pittsburgh drafted him in the fourth round of the 2003 draft.
The two-time Super Bowl champion has 11 interceptions in eight NFL seasons.
The 6-foot-2, 195-pound defensive back completed a four-year, $22.5 million contract extension last season.
Information from The Associated Press contributed to this report.