A fan asked Karan in a question and answer session on Twitter on Saturday if he would be making a sequel of the film.
"Yes! Will be announced in two months!" an elated Karan responded to the fan's query.
"Student of the Year" is a coming-of-age romantic comedy, which was produced by Hiroo Yash Johar under the banner of Dharma Productions and in collaboration with superstar Shah Rukh Khan's production banner Red Chillies Entertainment.
The film, which released in 2012, marked the debut of actors Sidharth Malhotra, Alia Bhatt and Varun Dhawan.
It stars veteran actor Rishi Kapoor, Sana Saeed, Ronit Roy, Ram Kapoor and Farida Jalal.