If everything had gone right, then Shashank was supposed to direct a new film for Upendra this year. However, the film got delayed due to various reasons and now Shashank will be directing a film for Puneeth Rajakumar.
Yes, Shashank himself has confirmed that he will be directing a film for Puneeth next year. Puneeth will not only be acting in the film, but also will be producing the film under his PRK Films banner.
More details about the film is yet awaited.