Wanted movie revolves around Unni (Madhu Warrier), Nandu (Aravindan), Mani (Nishanth Sagar) and Chupran (Aniyappan) who are friends who are unemployed but have a lot of liabilities in life. Unni aspires to become a police officer while Nandu wants to go to the Middle East. Mani is a loner who is willing to take any risk in life to make fast money and Chupran is taunted by his parents at home.
Anu (Suchitha) is also in their gang and she needs money for her father?s (Bharath Gopi) heart operation. Meanwhile, Mohammed Ibrahim, a dreaded don who is wanted by the Mumbai police, flees to Kerala and lands in the same city.
There is a sum of Rs 75 Lakhs announced on his head by the police but Ibrahim hatches a plan to escape from India, by hijacking a plane with a union minister in it. He promises money to the young gang and seeks their help but in a fantastic twist in the aircraft, they kidnap Ibrahim for the bounty he carries!
But little do they realise that the criminals were hand-in-glove with the state police who try to track the youngsters. Now there is Narayana Swamy (Mohanlal), a sincere and efficient CBI officer from Mumbai who is out to track down Ibrahim.