The film, to be bankrolled by Dil Raju, will be made in Tamil and Telugu.
“An official announcement is expected to be made today (Saturday). They are joining hands for ‘Indian 2’. It will go on the floors next year,” a source close to producer Raju told IANS.
In “Indian”, Haasan played a dual role.
As a 70-year-old freedom fighter turned vigilante against corruption, Haasan won over audiences and critics alike. He played the father and son.
“Indian”, which had music by A.R Rahman, was released in Telugu as “Bharatheeyudu” and in Hindi as “Hindustani”.
Also starring Manisha Koirala and Urmila Matondkar, the film bagged three National awards including the best actor honour for Haasan.
Rumours are rife that “Indian 2” could be Haasan’s last film before he takes the political plunge.