The future of Transformers 5 has been swamped with speculation over the past couple of months and the uncertainty surrounding the project is only escalating.

Transformers 5 To Bring Back Old Cast With New Director?  

While the movie was allegedly being slated for a 2016 release, a new report suggests that the date might be pushed further into 2017.

After news of Michael Bay backing out of the franchise and the producers now having to look for a new director, things are in a state of limbo. There is also no confirmation about the cast -- especially MArk Wahlberg -- reprising their roles for the sequel to Age of Extinction.

Mark Wahlberg Won't Come Back For Transformers: Age of Extinction Sequel?

According to a list of movies on the roster of the producers of the Transformers franchise revealed earlier this year, Transformers 5 was scheduled to release in 2016.

Speaking to Digital Spy, Producer Lorenzo di Bonaventura was slightly noncommital, though, he said that they hadn't decided upon any dates yet and it was too early to be thinking about that.

"We don't have a date. We can hardly handle doing one movie at a time to think about the next one," he said.

But he did add that the discussion about planning for Transformers 5 was not too far away.

"In three or four weeks when the dust has settled, we'll talk about it. 2016 sounds a little rushed to me, but we'll see," he added.

While Age of Extinction slayed at the box office it hasn't been much of a success with critics as it has gotten some pretty bad reviews pointing to a sensory overload with excessive use of technical, CGI mined wizardry and a lack of a strong plot, with the human characters almost rendered meaningless. 

Transformers: Age of Extinction hit theaters on June 27, 2014.

Watch the trailer for the movie here:

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