"King Liar" has been making headlines for marking the comeback of the Siddique-Lal combo. Now the latest reports suggest that the Dileep starrer will have Madonna Sebastian, who won the hearts of fans with the "Premam" character Celine, as the lead actress.

The actress took to her Facebook account to announce her upcoming film opposite the "Love 24x7" actor.

"I'm really excited and honoured to make this announcement. My next outing in Malayalam is with 'The Siddique-Lal' and Dileep sir, in 'King Liar' produced by Mr. Ouseppachan Valakkuzhy," Madonna posted on Facebook.

She also thanked her fans and followers, saying, "A load of thanks for all your love and support that got me here today."

Madonna, who was one of the three actresses in the Alphonse Puthren directorial opposite Nivin Pauly, had debuted as a singer in "You Too Brutus", a Malayalam comedy film, directed by Roopesh Peethambaran.

On the other hand, Dileep is basking on the success of "Love 24X7", which opened to positive reviews. Directed by Sreebala K Menon, the film revolves around a news channel and the actor portrays the character of a television journalist. It has Nikhila Vimal, Suhasini Maniratnam, Sreenivasan, Lena, Shankar Ramakrishnan and prominent media personality Shashi Kumar in pivotal roles.

Meanwhile "King Liar", which will be scripted by Siddique and directed by Lal, is touted to be a laugh riot. The directorial duo is known for popular hits including "Ramji Rao Speaking", "In Harihar Nagar", "God Father", "Vietnam Colony" and "Kabooliwala".

Apart from Dileep and Madonna, the cast of "King Liar" will also include Lal, Asha Sarath and Soubin Shahir of "Premam" fame in key roles.

The film, which is produced by Ouseppachan Valakuzhi under the banner of Valakuzhi Films, will hit theatres as a Christmas release in December 2015.