Murshid Khan is manager of Dilip Kumar's wife and actress Saira Banu.
"Dilip Kumar is absolutely fine and he will be discharged tomorrow (Thursday) afternoon," Murshid Khan told.
The 90-year-old Thespian was hospitalized Sep 15 after he complained of uneasiness. Doctors later diagnosed a heart attack.
A leading light of the Mumbai film fraternity, Dilip Kumar entertained movie buffs for six decades both as a lead hero and as character artist in films like "Jwar Bhata" "Mela", "Naya Daur", "Tarana", "Ganga Jamuna", "Leader", "Mughal-E-Azam", "Shakti", "Karma" and "Saudagar".
After the 1998 film "Qila", he decided to bow out of films.