Brian Goldner, CEO of toy company Hasbro, which is the owner of the Transformers brand, confirmed the news during a 2015 Q1 Earnings Conference Call, reported Aceshowbiz.
He also shared Akiva Goldsman is tapped to develop multi-sequels and spin-offs that share universe with the existing "Transformers" movies.
"Our plan with the studio and filmmakers you may have heard some writers being hired and we have in fact brought in Akiva Goldsman to lead a group of writers to really create a strategic plan around Transformers.
"Transformers: Age of Extinction" released with Mark Wahlberg as a new male lead, replacing Shia LaBeouf. It became the first film in 2014 to hit USD 1 billion mark despite little critical praise.
The "Ted 2" actor is expected to reprise his role for "Transformers 5".