Disney chairman Bob Iger revealed at the studio's company shareholder meeting in Portland, Oregon today that Pirates of the Caribbean: Dead Men Tell No Tales has not been given the green light yet, according to Variety's Marc Graser.

Johnny Depp is set to reprise his role as Captain Jack Sparrow, with Espen Sandberg and Joachim Rønning attached to direct from a script by Jeff Nathanson. We reported in November that Christoph Waltz was interested in playing the villainous Captain Brand, who battles Jack and his father Teague (Keith Richards) as they search for a mythical trident.

The story is also said to feature a romantic interest for Jack in Carina Smyth, the 30-year-old daughter of Captain Barbosa (Geoffrey Rush). Of course, since the movie hasn't been given an official go-ahead by the studio, it's possible that these story details may change. It isn't known when production may begin, or when the studio plans on releasing this sequel.

In related news, Disney also unveiled plans today for a Pirates of the Caribbean-themed attraction at the Shanghai Disneyland Resort, scheduled to open in 2015. Check out a concept art image from the attraction known as Disney's Pirate's Cove below.

Pirates of the Caribbean Shanghai Disneyland Concept Art

Here's what Bob Iger had to say in a statement about this attraction.

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"Pirates of the Caribbean is one of the most iconic attractions in our parks, and we really couldn't imagine Shanghai Disneyland without Pirates. We wanted to create a one-of-a-kind experience that would appeal to our Chinese guests while remaining true to its Disney heritage."

For the first time ever, a Disney Park will be home to a Pirates-themed land called Treasure Cove and an e-ticket attraction called Pirates of the Caribbean: Battle of the Sunken Treasure. The attraction will feature a combination of new technology and innovations, to bring guests along a pirate adventure with Captain Jack Sparrow and Captain Davy Jones, providing guests who visit the Shanghai Disneyland Park an experience unlike anything else in the world.