Titled "Golmaal Again", the film will see Ajay Devgn reunite with director Rohit Shetty to take forward the franchise after three previous blockbusters, a statement from the makers said.
The announcement was made to celebrate 10 years of "Golmaal", the first part, which released on this date in 2006.
Apart from the "Drishyam" star, the film featured Arshad Warsi, Sharman Joshi, Tusshar Kapoor, Paresh Rawal and Rimi Sen in lead roles.
The film spawned two sequels-- "Golmaal Returns" in 2008 and "Golmaal 3" in 2010-- both of which were also released during Diwali.
Devgn, meanwhile, will be next seen in his directorial venture "Shivaay".
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