The latest update is that Vamshi has been working on a fresh script and it is heard that he will narrate it to Mahesh on the first week of June. If he can impress Mahesh, then this film may go on to the sets.
Even after Mahesh confirming the film with him, he has to wait in the queue as directors like Rajamouli, Koratala Siva, Trivikram Srinivas are in the pipeline. So, he needs to wrap the film in between these films. We've to wait for some more days to know what kind of script does Vamshi penned for Mahesh.