Titled Thoda Pyaar Thoda Magic, the film stars Saif Ali Khan and Rani Mukerji.
Rani will play a fairy in this fantasy film, which will also star four children.
Kohli had directed Saif and Rani in his 2004 hit, Hum Tum.
Thoda Pyaar Thoda Magic is slated to release on June 27.