He also said that her husband and filmmaker Boney Kapoor has expressed an interest to produce the project in three languages.
"(I) had the privilege of meeting the lady superstar of all times Sridevi and narrated a story for her. It's on. Boney Kapoorji will produce this film in three languages. Director and other details will be revealed soon," posted Kona Venkat on his Twitter page.
Sridevi made an impressive come back on the big screen with "English Vinglish" and after seeing her perfoamnce in the film, many felt that "once an actress, always an actress".
Meanwhile, as a writer Venkat is known for Telugu blockbusters "Dookudu", "Don Seenu" and "Ready"
He is popular for his collaboration with director Srinu Vaitla, but he recently parted ways after the release of Telugu action-drama "Baadshah".