A few hours back news has been spreading out that director Selvaraghavan's first film with actor Silambarsan has been shelved indefinitely which came as a shocker to fans of both the director and the actor.

Now Selva has taken to his microblogging site to reassure fans as well as lovers of quality cinema that the project has not been called off and it has just been put on hold due to financial reasons.

Here is what the 'Pudhupettai' director had to say about 'Kaan'.

I have been hearing a lot of rumors about Kaan. I just want to clarify certain things.

— selvaraghavan (@selvaraghavan) October 13, 2015

Kaan as a script is very close to my heart and is also an ambitious project the team and i want to do justice to our vision.

— selvaraghavan (@selvaraghavan) October 13, 2015

The team and I have taken a mutual call to temporary put the project on hold . It's great to know that we all share the same vision.

— selvaraghavan (@selvaraghavan) October 13, 2015

We will resume the project next year once we have restructured the finances. In the meantime I will miss working with Simbu and the crew.

— selvaraghavan (@selvaraghavan) October 13, 2015