A spokesperson for Yashraj Proudctions confirmed the report and said the actress, who had settled down in the United States after she got married to Dr Sriram Nene in 1999, will make her comeback in a film to be produced by Yashraj Production.
The film will be directed by cinematographer Anil Mehta, who has directed photography of movies like 'Lagaan', 'Veer Zara' and recently released 'Kabhi Alvida Na Kehna' (KANK).
''The film will go on the floors in January next year,'' he added.
Madhuri's business manager Rikku Rakeshnath, while confirming that the Yashraj film will be Madhuri's first film after 'Devdas', said she would star in his home production as well.
''I will announce the name of the director soon,'' he added.
Madhuri has also done films such as 'Pukar', 'Lajja', 'Hum Tumhare Hain Sanam' and 'Saajan'.
Her last hit movie, released in 2002, was 'Devdas' in which she played a courtesan in a saga of doomed love.