GenAI, or Generative Artificial Intelligence, is transforming a lot of fields. One of these areas is translating literature. Translating literature is a creative task. It aims to maintain the original text's meaning, style, and cultural sentiments. This study talks about how GenAI techniques, including big language models, are changing the way literary translation is done today. It also talks about how they might change the future. The paper talks about the issues and chances that GenAI brings. It also talks about how GenAI is changing things for translators, publishers, and the world of literature. The study says that GenAI is strong, but human translators are still needed. Literature requires creativity, emotional depth, and cultural knowledge-characteristics uniquely possessed by humans.