There is good news for all ‘Munnabhai’ fans out there. The third movie from the ‘Munnabhai’ franchise is finally happening.

Contrary to all the rumors Sanjay Dutt and Arshad Warsi will be reprising their roles as ‘Munnabhai’ and ‘Circuit’ respectively.

The movie isn’t titled ‘Munnabhai ChaleAmerica’ as it was previously reported but as ‘Munnabhai Ki Aatma Katha’.

“Sanjay and Arshad are returning to play Munna and Circuit. We are developing the script right now, and the film should start in 2012,” confirmed Vidhu Vinod Chopra to a leading daily.

The Munnabhai franchise has also been approached by a Hollywood Production House, who is willing to pay huge sum to be the part of this movi. But Vidhu Vinod Chopra hasn’t yet taken a decision, reported TOI.

We personally can’t wait for the movie to come out.