Bipasha Basu and Vikram Bhatt are all set to team up again in a film based on a creature (like jaws) that Vikram is co-producing with T-Series head honcho Bhushan Kumar in the IMAX 3D format. Announcing the project, Vikram avers, "I'm working on a script for a creature film and, yes, I'm meeting up with certain people on the same. But I will make the announcement when everything's ready. I am planning to announce something very big. Wait and watch but it's too early to come out with the details." According to an insider, Bhatt is planning to get special effects and technical assistance from the people who had earlier worked with Steven Spielberg and his likes. Bhatt, who has been associated with films like Raaz and Kasoor is rumoured to be investing almost Rs.1 billion for the creature project. Here it may be pointed out that Vikram had earlier worked with Bipasha ten years ago in Raaz. The film is likely to go on the floor this May.