Madhavan was approached for Rakeysh Omprakash Mehra and Prernaa Arora's production, which stars Anil Kapoor and Aishwarya Rai Bachchan in the lead roles.
"I loved the script and was really keen to be part of an interesting ensemble like 'Fanney Khan', unfortunately I couldn't commit to the project due to date issues. I wish the team of all the luck," Madhavan said in a statement.
While Arora said, "I think Madhavan is one of the finest actors we have today. I look forward to working with him in the future".
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