"The status is that the script is ready. There will be new dynamics this time as Ranbir and I will be partnering in business - we both are producing it. Everyone wants to work with him...so he will have to finish those two films and come to me," Basu told.
He was speaking at the acting workshop - 100 years of Indian cinema: An actor Prepares - conducted by Anupam Kher on the second day of the ongoing 14th International Indian Film Academy (IIFA) awards and weekend here.
Last year Basu's "Barfi", starring Ranbir along with Priyanka Chopra and Ileana D'Cruz, not only did a brisk business at the box office, but also won him many awards. The director confesses that he did not expect so many honours.
"I was not expecting such a big response at award functions. IIFA has been overwhelming for technical awards that we received. It has been amazing," he said.
"When you don't get an award, you say it doesn't mean anything to us. But when you get it, you feel happy.
As a child too, I loved keeping awards on the shelf. It gives inspiration to everyone around you as well. It is great. When I will be old, these awards will have more value," he added.
Meanwhile, the director is set to produce more films this year.
"After this, I will be announcing my next films. I have written many stories, which I will be producing and other directors will direct them. We will start shooting this year itself," he said.
There were reports that the director has bought the rights of popular crime TV series "Prison Break", but he denied it. "That was just a rumour. I have not bought the rights. I don't want to remake it as I don't want to do too much of TV."
Recently seen judging TV reality show "India's Best Dramebaaz", Basu would like to remake some old Hindi shows.
"I want to remake 'Zindagi', I would love to remake 'Tamas' as well," he said.