The film reportedly titled "Ek Tha Gangster" is based on S Hussain Zaidi's 2014 bestseller - 'Byculla to Bangkok'.
The story of the film will trace how youngsters were recruited and they went on to become gangster like Arun Gawli, Ashwin Naik and Chhota Rajan.
When asked if Abhishek will be playing Chhota Rajan, Gupta, neither confirmed nor denied the news.
"I am not talking about it all. No comments at the moment. I am on a holiday in Goa," he told PTI.
"He has been approached. The talks are on. He is yet to take a call," sources said.
The 39-year-old actor is busy shooting for "Houseful 3" and then will do third part of "Hera Pheri" series.
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