'Kaminey' had Shahid, Priyanka Chopra and Amol Gupte in lead roles. The film was produced by UTV Motion Pictures.
The film was set against the backdrop of the Mumbai underworld and told the story of a pair of twins, one with a lisp and the other with a stutter.
"The sequel to Kaminey, 'Maha Kaminey' will be made. It will have Shahid in it. It will be more interesting. But the work on this project will start after 'Haider' (another film of Bhardwaj)," sources close to the development said.
This will be third collaboration between Shahid and Vishal after 'Kaminey' and 'Haider'.
Bhardwaj is presently working on his next directorial venture 'Haider' which stars Shahid and Shraddha Kapoor besides Tabu, Irrfan Khan and Kay Kay Menon.