The Barfi! actress has been signed by Ramesh Taurani for his next film Phata Poster Nikla Hero, to be directed by Raj Kumar SantoshI, The Times of India reports.
Producer Taurani said: "Shahid is our ghar ka hero; a fabulous dancer and a huge star. Raj has worked with us on Ajab Prem Ki Ghazab Kahani. However, what is most interesting is the fact that we have signed up Ileana opposite Shahid. It's a fresh pair."
The actress stars alongside Ranbir Kapoor and Priyanka Chopra in Anurag Basu's romantic comedy Barfi!.
D'Cruz said that working on her debut Bollywood film was "amazing".
Kapoor has reportedly been reading a lot of scripts since completing the promotion for TeriMeri Kahani.
The 31-year-old actor has also signed for Prabhudheva's next film and a third movie with Maneesh Sharma.
The Kaminey star said that he hopes to become a part of the 100 crores club, but does not have a plan for doing so.