Speculations were rife about Kareena teaming up with Ajay for "Baadshaho".
"She (Kareena) was approached for the film. She had liked the idea as well. But things did not work out due to date issues. We haven't finalised anyone yet. We are still working on the script," sources said.
On Priyanka being part of the project, the source said, "Only speculations are on. It's just a rumour."
Earlier actresses Shruti Haasan and Lisa Haydon were going to be part of this project.
Both Milan and Ajay have done three films together "Kachche Dhaage", "Chori Chori" and "Once Upon a Time in Mumbaai".
When contacted Milan told PTI, "There is too much of speculation happening. We have not finalised anyone. I don't want to say anything at the moment (give names)."
The film is likely to go on floors by May end or early June this year.
"It's a big release so we need to start on time and get it (shooting) finished by October. The film releases in January (2017) so we need two months for promotions," the source added.
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