Shutting down the rumours surrounding the star cast of the film to rest, Viacom 18 movies CEO Sudhanshu Vats made the announcement on Twitter.
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"With @deepikapadukone, @RanveerOfficial & @shahidkapoor in the lead, we are surely excited about @RealPadmavati," he wrote.
In another tweet he mentioned that the film will be co-produced and distributed by VIACOM 18 Motion Pictures.
He has also confirmed that it will hit theatres next year.
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"Delighted to announce that @Viacom18Movies and #SanjayLeelaBhansali are joining hands to release the magnum opus @RealPadmavati in 2017."
PTI