The recreated version will be part of Vishal Pandya's "Wajah Tum Ho".
"I am super excited to have been chosen for the recreated version of Malaika's iconic song. Stepping into her shoes comes with a lot of pressure; she looked really hot in that number," Zareen said in a statement here.
The 29-year-old actress said she hopes to do justice to the song.
"It is one of my all time favourite songs, so I am excited and nervous at the same time," she said.
Vishal said, "It's a cult song and we wanted someone who could take it to another level."
"Wajah Tum Ho" is an erotic thriller, which also stars TV actor Gurmeet Choudhary.