Lokesh co-wrote the film's script along with Rathna Kumar in his third consecutive collaboration with the director, while Deeraj Vaidy, director of Jil Jung Juk (2016) also joined the writing team. It took Lokesh nearly six months for the writing and pre-production. Some changes were also made to the original story to help the film cater to a wider audience. The actor, however, changed his mind after Lalit and Jagadish convinced him. Vijay was not in favour of making Leo a pan-Indian film as he wanted to focus on satisfying the Tamil audience. However, he reportedly decided to take the revenue sharing model, to benefit the film's production as per the basis, he would receive ₹50 crore (US$6.3 million) as an advance, and a chunk of the profits would be received as the actor's remuneration. The film is being made on a budget of ₹250–300 crore, and Vijay was reported to receive ₹120 crore (US$15 million) as remuneration. The company made a public announcement on 30 January 2023, confirming the project, and the film's official title Leo was revealed on 3 February 2023. Lalit Kumar's Seven Screen Studio, which had distributed and co-produced Master, while Vijay's manager Jagadish serves as a co-producer. That May, he confirmed the project, tentatively titled Thalapathy 67. The following March, Lokesh confirmed there were discussions for him to direct Vijay's 67th film. Reports of a potential collaboration between the two continued through February 2022. In early 2021, it was reported that Lokesh Kanagaraj would reunite with Vijay for a second film after Master (2021).
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