The film will be produced by Farhan and his partner Ritesh Sidhwani under their home banner Excel Entertainment Pvt Ltd, and is currently under scripting stage.
"SRK is doing the film. We are not sure when it will go on floors exactly but it will be next year. Shah Rukh is excited about the film but we need to work out the schedule as he has prior commitments," Ritesh said.
As for 'Don 3', the makers want to be sure that they have an exciting script in hand.
"With a franchise like 'Don' and the character, its important to get excited by the script. Neither Shah Rukh, nor Farhan or me wants to get into making a film because there is excitement about it. We also want to be happy with the script if that happens then I would love to do it," he added.
On other films in pipeline, Ritesh said that 'Fukrey 2' as well as Abhishek Kapoor's 'Rock On 2' is being scripted.
'Fukrey' released in June this year and was a hit. The comedy directed by Mrighdeep Singh Lamba had newcomers like Pulkit Samrat, Varun Sharma, Ali Fazal, Manjot Singh, Richa Chadda, Vishakha Singh, and Priya Anand in lead roles.
"Mrig is thinking about it (sequel). With any sequel you need to be excited about where and how the story is taken ahead. He has got an idea and is working on it. If he's excited about the story then he'll present it to us," Ritesh said.
"It is a great film and people want to see it into a sequel. There are memorable characters in the film which you can take forward," he added.
Also, there are a couple of other films like Zoya's next, reportedly on sibling relationship. There is a buzz that it will have Ranveer Singh, Anushka Sharma and Priyanka Chopra but Ritesh did not reveal much.
"Its an ensemble cast. We are waiting to get the actors finalised first, then make a formal announcement. There is speculation going on but we are not talking about the three people in the project. We will start filming in mid April next year," he added.