It's known that superstar Nagarjuna's son Akhil Akkineni's two films as lead actor, Akhil and Hello turned out to be huge failures at the Telugu Box Office. While Akhil's debut film Akhil jointly produced by Nithiin and Sudhakar Reddy, his father Nagarjuna bankrolled the film Hello.

And now, Nagarjuna is all set to bankroll Akhil's third film as well. In fact, the veteran actor wanted none other than hit director Koratala Siva to direct his son's third film, tentatively titled as Akhil 3.

According to media reports, Nagarjuna has reportedly offered a massive Rs. 15 crore remuneration to Koratala Siva to direct Akhil 3. However, the director of blockbuster films Srimanthudu and Janatha Garage turned down Nagarjuna's big offer citing that he had prior commitments with Telugu superstars.

The latest reports suggest that Nagarjuna roped in none other than director Venky Atluri to direct Akhil 3. His previous film, Tholi Prema was a huge money spinner at the Box Office worldwide.