'Basic Instinct' Remake In Telugu?!

Are attempts being made to remake the erotic thriller 'Basic Instinct' acted by Sharon Stone in Telugu? Monalisa, the item girl is playing the role of a novel writer in a film on Venkata Sai films banner.

The film narrates the story of a sexy and hot novel writer who taught lesson to some guys. The first schedule of the film is over and the second schedule is starting in a few days.

Underlining the story line, it appears that Monalisa is playing the role of Sharon Stone in it. If that is the case, will such kind of films work in direct Telugu? Venkata Sai banner is known for making a few dubbing films so far in Telugu.