Mumbai, June 20 (IANS) Belying rumours of a fallout with Ajay Devgan, director Rajkumar Santoshi says he is all set to make another film with his favourite actor.

Santoshi and Ajay collaborated on projects like 'Halla Bol', 'Khakee', 'Lajja' and 'Legend of Bhagat Singh' and none of them was well received at the box office.

'We haven't fallen out just because a couple of our films together haven't clicked. That's not how we work. We're just about to zero in on the subject,' Santoshi told IANS.

'It is a contemporary film, not the two period films on emperor Ashok and the Ramayan that we were planning to do together. Those are on hold right now. For now Ajay and I are getting ready for another film, though I'll definitely make 'Ramayan' and 'Ashok' with him.'

Before launching the project with Ajay, Santoshi is trying to finish 'Ajab Prem Ki Ghazab Kahani' with Ranbir Kapoor and Katrina Kaif.

'I'm finally starting 'Ajab Prem Ki Ghazab Kahani'. It's my first love story. Though people seem to think it's an intense love story, it is not. It has lots of light and humorous moments. I haven't worked with Ranbir and Katrina before. So, I'm really looking forward to that.'

'Ajab Prem Ki Ghazab Kahani' is to be shot in Mumbai, then Goa and finally Italy.

'A lot of elements in Ranbir's character will remind people of his grandfather Raj Kapoor. I've worked with Ranbir's father in 'Damini'. When I saw the boy in 'Saawariya', I wanted to work with him immediately.

'Katrina and I were supposed to do a film that had Shahid Kapur in it. That didn't work out. This is a totally different subject.'

Ask the director about Ranbir's reported remuneration of Rs.70 million and he shrugs. 'That's between Ranbir and the producers Tips.'

'Ajab Prem Ki Ghazab Kahani' also stars Upen Patel.

'It's a pivotal role. Upen expressed a desire to work with me. We met up. When I narrated the subject, he fell in love with it. I'm working with an entirely new team, including music composer Pritam Chakraborty.'