The actor will play the male lead in the film which is a modern-day love story.
The movie will explore the relationships in a family and their involvement during the process of an arranged marriage.
Ali said he is excited to work with Sarkar, whose last release was "Helicopter Eela", on the project.
"It's an honour and privilege to work with a veteran director and writer Pradeep dada who has given such powerful and meaningful cinema and has worked with some of the best talents of India cinema.
"... It touches upon some very essential phases of love, relationships, families that are involved in marriage and how important it is that where what these families come from," the actor said in a statement.
The female lead is yet to be disclosed.
The shooting of the film is currently underway in Kolkata.
Ali will next be seen in Amazon Prime Video web series "Mirzapur".
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