Asked if he is part of the remake, Ranveer said, "It's not true, not right now."
"I have seen 'Magadheera' and I was absolutely blown away by it. I think Ram Charan is an outstanding talent. But no, I am not doing 'Magadheera' right now," added the 27-year-old on Tuesday at the launch of a special edition of 'Mills & Boon' featuring the poster of Ranveer and Sonakshi Sinha's 'Lootera' on the cover.
The Hindi remake was reportedly to be produced by Phantom Group, a company by Anurag Kashyap, Vikas Bahl, Madhu Mantena and Vikramaditya Motwane.
Directed by S.S. Rajamouli, the 2009-superhit 'Magadheera' is a historical drama romance film and starred Kajal Agarwal opposite Ram Charan.
It was dubbed in Malayalam and released as 'Dheera - The Warrior', and in Tamil as 'Maveeran'.