Titled Ae Dil Hai Mushkil, the movie will be directed by Karan Johar and also star Ranbir Kapoor and Anushka Sharma.
Dharma Productions made an official announcement on Twitter: 'Here's the big news! @karanjohar to direct Aishwarya, Ranbir and Anushka in Ae Dil Hai Mushkil. To be released on June 3, 2016.'
This is the first time that Karan Johar will direct Aishwarya.
The director had earlier offered her Kuch Kuch Hota Hai but she turned it down, as she had been shooting for Shankar's Jeans.
Ae Dil Hai Mushkil will be shot in New York, London, Paris and Delhi.