Asked if they plan to perform together, Ranbir chose to answer diplomatically at a press conference here Friday.
"He (Rishi) has been associated with the IIFA award ceremony. I will be performing. May be looking at me... hope... I don't know," Ranbir said.
While the duo is yet to be seen together in a film, the two have earlier featured in a TV commercial.
Ranbir says he will enthrall his fans in Singapore by performing on hits like "Sadda haq" and "Tai tai phish", as well as "one surprise".
The flamboyant actor rarely performs at award functions, but the fact that ace dancer Prabhu Deva was choreographing his IIFA act drew him.
"It is not that I don't perform. I did not have the confidence to come on stage and perform. This time Prabhu Deva is choreographing and I love his choreography.
"So I wanted to perform. Prabhu is a dancing star not only of India, but of the world. He is better than Michael Jackson," Ranbir said.
The IIFA weekend and awards ceremony is to be held June 7-9. The awards night will also see performances by Sonakshi Sinha, Bipasha Basu, Shahid Kapoor and Priyanka Chopra.