Sources suggest Kashyap had recently approached the '90s diva for his production venture titled 'Return Gift' to be directed by Vikas Bahl.

An industry source says, "Vikas is still working on the script while focussing more on the post production of Shandaar which stars Alia Bhatt and Shahid Kapoor. After the film hits the theaters, he will take start shooting for Return Gift. Kashyap, in his capacity as the producer, decided to offer a role to Raveena in the film, but she refused as she didn't like the role."

Recently, reports of Raveena not being a part of Bombay Velvet was splashed across various media. She was quoted saying, "I am no more a part of Bombay Velvet because everything has changed."

However, a fortnight later, she clarified her stand on social media saying her statement was misconstrued.

"Ok so fed up of misinterpretations of what I said !!!… Too much hype around my appearance in the film, I have done it for fun and only because I love the film and the music of bombayvelvet! When asked all the time about it, all I said was. Don't know if I will be there also or no in the final edit as film is in the editing stage," she tweeted.

Raveena and Vikas were unavailable for comment.

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