Enstars brings you the latest in the development of Transformers 5.

In the latest news related to the sequel to Age of Extinction, new reports suggested that Michael Bay was still not completely on board for the fifth instalment, and was still negotiating with the studio. Master Herald reported on May 6 that the studio was negotiating with the director, and even though he is sitting in on the writing sessions for the movie, he hasn't quite committed to the project yet. The report also suggests that Jonathan Liebseman, who directed the reboot of Teenage Mutant Ninja Turtles was still in the running if Bay were to ditch.

Brian Goldner, CEO of Hasbro, revealed that the movie was aiming for a 2017 release.

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Along with these reports, Bay's involvement was highlighted and it was revealed that he would 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 installment 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 kinds 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.

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 installment 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:

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Transformers 5, Transformers 4: Age of Extinction, Movies