"The script of 'Race 2' would be finalised by the end of this year. The film will go on floors by February or March 2010. Saif Ali Khan and Anil Kapoor have been confirmed for the lead roles," producer Ramesh Taurani said.

The gripping multi-starrer 'Race' directed by Abbas-Mustan, had Saif Ali Khan and Akshaye Khanna playing brothers, while Anil Kapoor played a private detective.

Also starring Bipasha Basu and Katrina Kaif, the action flick went on to become the fourth biggest Bollywood hit of 2008.

According to industry buzz Bipasha Basu is being replaced by Saif's girlfriend Kareena Kapoor in the sequel.

Taurani, however, said, "As of now, we are yet to finalise on the female lead."

To be directed by Abbas-Mustan, the sequel will take the story forward from where it ended in the first film.