Michael Bay is currently in the final negotiations to return as director of the newest Transformers flick.
While not official, Paramount believes the deal should get done soon.
Filming would begin in winter of 2012 once Bay completes his passion project, Pain and Gain.
Deets on the new Transformers flick have been kept mum but reports state that the film may delve deeper into Transformer lore.
While older characters may be resurrected, the film will not be a prequel.
The dramedy follows two bodybuilders stuck in an extortion ring.
[Image via WENN.]