India, March 7 -- The biopic on Madhubala, one of the most iconic screen actors Indian cinema has ever produced, is still in the works. However, recent reports claimed that actor Kiara Advani has finally been cast in the lead role, with Sanjay Leela Bhansali coming on board to produce. However, this casting update has been debunked by an industry source.

Speaking to HT, the industry source has strongly dismissed the ongoing rumours around the Madhubala biopic. "There is absolutely no truth to the reports currently circulating about Kiara Advani being cast in a Madhubala biopic produced by Sanjay Leela Bhansali. The claims are completely baseless and speculative," the source clarified.

Although more details about the film are currently u...