A Fox Star Studios production, "Bang Bang" will be directed by Siddharth Anand of "Bachna Ae Haseeno", "Salaam Namaste" and "Anjaana Anjaani" fame.
The film will be shot across Europe, Far East and India, and is said to feature "spectacular stunt sequences, intense chemistry and edge-of-the-seat excitement, as Hrithik and Katrina will scorch the silver screens in never-seen-before avatars", said a statement.
The screenplay of the movie has been written by Sujoy Ghosh, and Suresh Nair and Abbas Tyrewala have penned dialogues for it.
Hrithik and Katrina were last paired together in "Zindagi Na Milegi Dobara".
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