Ranveer will soon be working with Shetty, who is known for his snazzy car wreck stunts, action sequences and cool comedies, read a statement from the actor's representative.
The details of Shetty's directorial have been kept under wraps.
Meanwhile, Ranveer is busy shooting for his next film 'Befikre', which is helmed by Aditya Chopra, who is making a comeback after a hiatus of seven years.
Actress Vaani Kapoor, who made her acting debut in 2013 with the film 'Shuddh Desi Romance', will be seen starring with the 'Bajirao Mastani' star in 'Befikre'.
Ranveer was launched in 2010 by Chopra's home production company -- Yash Raj Films -- in 'Band Baaja Baarat'.
'Befikre' is set to release on December 9.
