Last year, Sony Entertainment had approached Sanjay Dutt to host the game show when Khan was busy with the other show.
Earlier, after Khan had taken up Bigg Boss 4, the channel had a closed door meeting with him and he had said that if approached, he'd like to return to DKD, after Bigg Boss 4 wrapped up.
But Khan is now juggling with his many films and the channel has reportedly initiated talks with other actors, including Govinda.
The humourous actor has appeared on their dance show, Jhalak Dikhhla Jaa 4, twice already. In the '90s, he had also anchored the show 'Jeeto Chappar Phaad Ke'.
Apparently, it was Khan who suggested his Partner as his replacement, should he be unable to return.
The episode featuring Govinda has high recall value.
"10 Ka Dum 3 will be back in 2011 and we are in talks with a couple of big Bollywood names, " said Ajit Thakur, executive vice president and business head, Sony Entertainment.