'Transformers 5' spoilers: Michael Bay as director of fifth movie is finally official; Mark Wahlberg may also return

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After much speculation, Michael Bay has been confirmed to direct the fifth film in the “Transformers” franchise.

A report by Enstarz cited the confirmation made by Hasbro President Stephen J. Davis that four new movies have been lined up which will be released in the next 10 years.

“You’re going to see a new Transformers movie coming from Hasbro and Paramount and Michael Bay and our other partners. In fact, we just finished — as some of you may have read — an incredible experience. We decided we wanted to plot out the next 10 years of the Transformers franchise, so we got together in a 3 month period of time,” he said.

The Hasbro chief also confirmed that the writers’ room was headed by “A Beautiful Mind” screenwriter Akiva Goldsman, along with most creative minds in Hollywood — Ken Nolan (Black Hawk Down) and Geneva Robertson-Dworet (Hibernation), Christina Hodson (The Fugitive) and Lindsey Beer (Short Circuit), Andrew Barrer & Gabriel Ferrari (Ant-Man), Robert Kirkman (The Walking Dead), Art Marcum & Matt Holloway (Iron Man), Zak Penn (Pacific Rim 2), and Jeff Pinkner (The Amazing Spider-Man 2, Lost).

Davis’s confirmation was a major development for the franchise after much speculation about the progress of the film.

Based on the last report, Goldsman said that they have already plotted out the path of the franchise and were just about ready to discuss the plans with Steven Spielberg.

But with Davis’s statement, it seems that the studio has already approved the proposal of the creative team for the path that the franchise will take for the long term.

Aside from Michael Bay, Mark Wahlberg may also return to the franchise to reprise his role as Cade Yeager, after initial speculation that he may pass on the torch to a new actor, according to IGN.

Filming is set to begin early next year while release has been set for 2017.