Yes, this could actually happen as Sanjay Leela Bhansali is in talks with both the ladies for the leading female characters in Bajirao Mastani. The film, one of SLB's most ambitious projects have been delayed 14 years and now, SLB is determined to make it. Earlier, he was set on Aishwarya and Shahrukh but that did not pan out. Before that, he wanted to make the film with Salman Khan and Aishwarya but was not able to due to the couple's fallout.
SLB has already locked in Deepika Padukone who will play the role of Mastani. Katrina has shown great interest in the project despite Deepika being in it and is rumoured to be playing the role of Bajirao's wife, Kashibai.
After Ram Leela releases in October 2013, SLB will start the pre-production of the film and start shooting by April 2014.
We do not know yet who plays the role of Bajirao but apparently, Ranbir Kapoor is being considered it (it all sounds too convenient). But if that does pan out, will we see the real-life story REVERSED in reel-life?
Either way, if the ladies work on the project together, it'll be good to see that they are actually able to differentiate between their personal and professional lives.