In an interview here, the 63-year-old was asked if his chemistry with Arshad has improved over time.
"Definitely, because in these three years we have become more experienced. We still know each other the same amount as we did three years back and we are not very close friends. But I know that we both love and appreciate each other," Naseeruddin said.
He believes Arshad is a very secure actor like him.
"When two such actors meet who are not insecure of the other and are not worried about their role as compared to the other, you enjoy working with that person," Naseeruddin said.
The same, he said, goes for Madhuri Dixit, who plays the female lead in "Dedh Ishqiya".
"The same experience I had with Madhuriji also. I have been a big fan of hers even though I am senior than her. But I have always appreciated her work. She is also extremely confident and secure. I think this is what chemistry is all about," he said.
Naseeruddin and Arshad reprise the roles of Khalujaan and Babban respectively in the film.
Directed by Abhishek Chaubey, "Dedh Ishqiya" also stars Huma Qureshi and hits theatres Jan 10, 2014.