The yet untitled actioner will be directed by Lakshman of recent hit Romeo Juliet fame.
"Prabhudeva will produce the film. Jayam Ravi is already on board while talks are still going on with Vijay Sethupathi, who is keen to join the project," said a source.
The source added that Prabhudeva expressed interest to work with Lakshman after he was impressed with his Romeo Juliet.
"Ravi and Lakshman had recently organised a special screening of Romeo Juliet for Prabhudeva, who enjoyed the film and had also planned to remake it. Meanwhile, Lakshman narrated a new script, which Prabhudeva liked and agreed to produce it," the source said.
The rest of the cast will be finalised soon.