Aashiqui 2 star Shraddha Kapoor is on cloud nine these days. Now in a position to pick and choose, Shraddha has just given the nod to Tigmanshu Dhulia's Milan Talkies, thereby replacing Priyanka Chopra who was until recently, very excited about working with Tigmanshu.

A source close to the project revealed, "After Bullett Raja where he has cast Saif and Sonakshi together for the first time, Tigmanshu and his producer Ekta Kapoor were keen to cast another untried pair in Milan Talkies. Imran and Priyanka made a lot of box-office sense together. But when Imran opted out and was replaced by Shahid Kapoor, Tigmanshu had no choice but to replace Priyanka since Shahid and Priyanka together after Teri Meri Kahaani spelt doom."

Shraddha, on the other hand, is felt to be the new rising female actor after Aashiqui 2. Both the male and female protagonist in Milan Talkies has equally powerful parts.

A closed source says that after Aashiqui 2, Tigmanshu feels Shraddha can carry off the complex dramatic moments as well as the light-hearted interludes in Milan Talkies.

As for Priyanka she seems to be gravitating towards the lighter fun parts after a series of heavyweight dramatic roles. A source close to Priyanka reveals that at present, Mary Kom is her only emotionally challenging role. Apart from that, Priyanka is looking for a change of mood after 7 Khoon Maaf, Barfi and Teri Meri Kahaani.