The 37-year-old actor will star in the UK-set film to be directed by duo Sunandan and Yugesh Walia, who will also co-produce 'Bounty Hunter' with Deol's i.E. Films.
This is the second production venture for Deol. He first donned the producer's hat for romantic comedy 'One By Two', which is set to hit the theatres on February 7 next year.
'One By Two' is directed by Devika Bhagat and also stars Deol's real-life girlfriend Preeti Desai. The story revolves around the parallel lives of two people and how a series of coincidences bring them together.
The actor was last seen on the big screen in Anand L Rai's 'Raanjhanaa' alongside Sonam Kapoor and Tamil star Dhanush.