Michael Bay is in negotiations to direct the fourth installment for Paramount
Michael Bay is in final negotiations to direct a fourth Transformers film, reports Vulture.

After Michael Bay completes his next project Pain and Gain, the filmmaker is looking to team up with Paramount for the fourth installment, although they do not have a closed deal. An announcement could come as early as next week.

The details are being kept under wraps, but it is being reported that it is definitely not a prequel, and that it will delve deeper into Transformers canon to mine older characters and lore.

No production date has been set.