Now that we know that development for Transformers 5 is well underway, it's a ripe time to round up all that is known about the sequel to Age of Extinction so far.

Will Megan Fox Join The Age of Extinction Sequel?  

Michael Bay is confirmed to be directing the film and will be collaborating with Akiva Goldsman and a bunch of new writers. According to Deadline the writers will be brainstorming about ideas not only for the fifth instalment but possible multi-part sequels and spin-offs. Bay, whose next project, a movie based on the book, Thirteen Hours: A Firsthand Account of What Really Happened in Benghazi by Mitchell Zuckoff, hopes to get cracking on Transformers 5 right after he is done. The director would like the script and screenplay to be worked out by then so no time is wasted.

Other than Bay's supposed exit, there had been all kind of rumors about Mark Wahlberg not returning for the sequel to Age of Extinction. In an interview with MTV, Wahlberg put that speculation to rest by confirming that he was very much returning for Transformers 5. The actor also hinted that production would begin soon in the same interview.

Transformers 5 Sticking To 2016 Release Date?

Little can be said about the plot right now as the writers are only just starting work on it. But Peter Cullen, the voice of Optimus Prime, has reportedly requested the producers of Transformers to go back to the drift of the series before Age of Extinction. This has set off a rumor about the next instalment rewinding, and straying from the plot of Age of Extinction. Only time will tell if the producers will actually take action and consider Cullen's advice. 

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

Watch the trailer for the movie here: