"I am doing a film with Balaji Motion Pictures, for which work has already begun," Varun told IANS, without revealing any more about the project.
A teaser of the new movie was floated online Monday. It featured an actor with back to the camera, and holding a poster reading: "Mafia Don Kidnaps Girl!".
"The film is a remake of Telugu film 'Kandireega'," Girish Johar, head of acquisition and distribution, Balaji Motion Pictures, told IANS.
"We are remaking it with Varun under his father's shadow," added Johar.
Varun made his Bollywood debut in Karan Johar's "Student of The Year", released in 2012. He earned rave reviews for his fluid expressions and flexible dancing ability.