The actress can currently be seen playing a housewife in English Vinglish.
Sridevi told Hindustan Times: "Boney and I are working on a project. Something should be finalised soon. But I can't say when.
"As for other producers, there have been talks, but nothing worth revealing as of now. I definitely want to do films, but I want to do good ones. I don't just want to be on screen. Unless a subject appeals to me, I won't do it.
"There are many talented directors I want to work with, but the question is, 'Do they want to work with me?' Hopefully, my next film will happen very soon, don't worry."
Sridevi recently admitted she is overwhelmed by the critical and commercial success of English Vinglish.
It has been claimed that the film is inspiring young working class Dalit girls to learn English.
Watch the trailer for English Vinglish below: