While this is the first time Mishra is working with the production house, Ghaywan has worked as an assistant director on Kashyap's "Gangs of Wasseypur-1 and 2" before debuting with their "Masaan" last year.
"I am researching for my next film. I can't divulge details about it at the moment but it will be with Phantom," Ghaywan told PTI here.
Mishra said he will start working on his next with the production house after the release of "Dasdev", a modern adaptation of Saratchandra's classic "Devdas".
The filmmaker is looking to lock a release date for "Dasdev" this June or July.