After the horror of Aag, Ram Gopal Varma was nowhere to be seen.

But that is about to change. The filmmaker is back with a horror film tentatively called Phoonk, which will be produced by One More Thought Entertainment. 

According to sources, the film will be produced by ex-K Sera Sera partner Azam Khan along with industrialist-turned filmmaker, Parvez Damania. And Ramu, it seems will be given all the creative liberties to make the film. He is one among different directors roped in by One More Thought Entertainment to direct the production company's film. The company has decided to make nine films in a span of two years and would be signing more directors for the same.

And right now, it's Ramu's turn. The director who disappeared after the disastrous box office performance of his Ram Gopal Varma Ki Aag, has also agreed to do two more films for the company after Phoonk. And as a token gesture, the company decided to gift Ramu a Lexus car.

Phoonk, which is scheduled to go on floors this month will also be made in Telugu and will be produced under his Ramu's technical supervision.

As for Ramu, sources say he is keen to make a horror film as it has been a while since he made one after the 2003 hit Bhoot which starred Ajay Devgan [Images] and Urmila Matondkar [Images].