He is replacing his younger brother Sohail.
"At times jokes will be cracked on my personality, work, or personal life and I am prepared for all that. I just hope that everything will be in good taste because that is how it should be. I am looking forward to it. I am thinking to have a good time," said the 45-year-old who made his directorial debut with hit sequel "Dabangg 2", which had a good dose of comedy.
The current season of "Comedy Circus Ke Ajoobe" sees Sohail co-judging the performances with Archana.
Archana welcomes Arbaaz with open arms on the 16th season of the show, which will go on air April 28 on Sony.
"I always welcomed my co-judges with open arms because our channel and producer always choose young, handsome and good looking men, so I am more than happy," said the 50-year-old who has been judging the show since it started in 2007.
"It's so nice to have Sohail's brother and my good friend on the show. So when we would sit together and judge the show, we would definitely have great fun," she added.