Chiranjeevi will next be seen in "Bholaa Shankar," which is set to be released on August 11.
The megastar has already announced a new film, which will be directed by Kalyan Krishna of "Soggade Chinni Nayana" fame and produced by his daughter Sushmita.
Apart from his daughter's production, Chiranjeevi has not agreed to any other film, despite the fact that many projects are being discussed.
Suddenly, rumors spread that People Media Factory had closed a deal with him, offering him a record amount of money.
It was said that the company took over the project from his daughter Sushmita.
However, the production company, which is behind big films like "Bro" and Prabhas-Maruthi's Untitled film, as well as co-producing "Spirit," has stated that the film with Chiranjeevi is a rumor.
"While People media factory will be very happy to do a movie with megastar garu anytime, the current rumors circulating on social media are purely speculative and not true," the company said in a statement.
