He told the media he may be growing old, but his mind was still young and he could make fresh romantic films. He is planning to make a comeback with his old team, including Bachchan and lyricist-scriptwriter Javed Akhtar.
His last directorial venture was "Zamaana Deewana", which was released in 1995.
Sippy was the man behind the all-time hit "Sholay" starring Sanjeev Kumar, Bachchan and Dharmendra. In the 1970s, he made successful action thrillers "Shaan" and "Shakti".
Sippy's son Rohan is also into filmmaking and last year he produced the box office blockbuster "Bluffmaster". Abhishek Bachchan played the title role and Priyanka Chopra, Nana Patekar and Riteish Deshmukh were seen in important roles.