The veteran filmmaker passed away in Mumbai today (October 21).
Announcing the news on Twitter, director Mahesh Bhatt wrote: "Heartbreaking news Yash Chopra passes away!"
Chopra had been hospitalised with suspected dengue fever last weekend.
Chopra's career spanned over five decades, with a filmography of over 50 Hindi releases. The Lahore-born director was the recipient of six National Film Awards and 11 Filmfare awards.
He was honoured by the Government of India with the Dadasaheb Phalke Award in 2001 and the Padma Bhushan in 2005.
Chopra's achievements in film were also recognised by the School of Oriental and African Studies (SOAS) in London.
His latest movie Jab Tak Hai Jaan - starring Shah Rukh Khan, Katrina Kaif and Anushka Sharma - releases on November 13.
Watch the trailer for Jab Tak Hai Jaan below: