Happy New Year is being directed by choreographer-director Farah Khan, who had directed Shah Rukh Khan in Main Hoon Na and Om Shanti Om.
"I am very excited to work with Farah. Farah is a dear friend and I am very excited to be part of Happy New Year and I love Shah Rukh," said Abhishek.
"I worked with him in Kabhi Alvida Naa Kehna and I think he is taking too much time to do another film with me. It is going to be a lot of fun," he added.
While the male leads of the film are in place, Farah has yet to finalise the female leads.
Abhishek will be flying to Dubai in September for a schedule of Happy New Year.