"We have finalised Shriya. All her paperwork will be done this weekend," the film's producer, Y. Rajeev Reddy.
Being directed by National Award winning filmmaker Krish, the film also stars Hema Malini and Kabir Bedi.
Tipped to the story of an unsung warrior from Satavahana dynasty, "Gauthamiputra Satakarni" is being made on a very lavish budget.
Meanwhile, Balakrishna, who turned 56 on Friday, is currently in the US to support a charity-related event.
The makers will start the next schedule of the film in Hyderabad upon Balakrishna's return.
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