Is ‘Veerasimha Reddy’ the new title for the Balakrishna-Gopichand Malineni's film?

It was earlier reported that Nandamuri Balakrishna has started the shoot of his next with Gopichand Malineni and the movie is touted to be a mass entertainer based on a true story. It was also reported that the film will be titled s ‘Jai Balayya’ as the song 'Jai Balayya' became a huge hit from his last movie ‘Akhanda’.
Some reports also stated that Balakrishna will be playing a dual role and one of the roles was reportedly named as ‘Veerasimha Reddy'.Therefore the makers are now considering to title the film ‘Veerasimha Reddy’, however, there is no official confirmation from the makers yet, therefore the film has been shot under the working title #NBK107 now.
The film’s cinematography is being handled by Rishi Punjabi and the music is composed by S. Thaman. Balakrishna-Gopichand Malineni's next will have Shruti Haasan & Varalaxmi Sarathkumar playing the female leads, whereas Kannada actor Duniya Vijay will be seen as an antagonist in the film.