There were reports that filmmaker Rohit Shetty was remaking the iconic film which starred Jackie Shroff as Ram and the 59-year-old "Slumdog Millionaire" star as Lakhan.
"I am hearing about this ('Ram Lakhan' remake) since three and a half years. I think they are still making it... I think right now Ranveer is a good choice for Lakhan," Anil told reporters here.
The actor was speaking at an event for the International Indian Film Academy (IIFA) awards.
"I had thought then that I should've got an award for 'Ishwar', 'Ram Lakhan'. Because they used to say that popular films should be awarded so that was the most popular film. Even for 'Lamhe' I didn't get many important awards.
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"There are many films like these where I didn't get any award for. There are also those films for which I didn't think I deserve an award but I got it."
Bollywood stars Farhan Akhtar and Shahid Kapoor are returning as the host of this year's IIFA after successfully anchoring the gala in 2014.