The further states that the lead role could be played by Ranbir Kapoor, already known for doing the Sanjay Dutt biopic Sanju, or Ranveer Singh, who can easily embody a role, or it could be Yash or Allu Arjun who have a hold down south. Either way, the makers will approach the lot and try to fix one depending on the dates and the budget. 

Meanwhile, sources close to the production house hint at final discussions being underway as the film shall hit the floors soon, suggesting that an official announcement about the film will be made imminently.

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'Khalnayak' is remembered as one of the biggest hits of the 1990s, and it has since gained cult status. The action crime drama, written, directed, and produced by Subhash Ghai under Mukta Arts Limited, was released on August 6, 1993.

It starred Sanjay Dutt (as the villain), Madhuri Dixit, and Jackie Shroff as police officer Ram, and Madhuri as undercover cop Ganga in the film.

The movie is known for its music and 'Choli Ke Peeche Kya Hai', sung by Alka Yagnik and Ila Arun, is still liked by the audience. It received positive response from the critics and movie buffs. 

(With inputs from ANI)