UPDATE: Michael Bay Close to Signing on Transformers 4

After somewhat of a denial this past October, it looks like Michael Bay may be planning another soiree between the Autobots and the Decepticons.  Vulture is reporting that he is close to finalizing a deal with Paramount and will most likely begin prepping after his long-awaited project, Pain and Gain.

While nothing is yet a done deal, insiders expect a formal announcement as early as next week.  It is not currently known whether or not lead actor, Shia LaBeouf will be involved.

I for one have loved all three of Bay's Transformers movies and look forward to seeing how he continues the story...especially since he killed off most of the Decepticons in Transformers: Dark of the Moon.

UPDATE: Michael Bay has taken to his official site to comment on yesterday's news:

"Right now I'm not decided on Transformers 4
Studio's are passing rumors but I'm not sure what I'm doing? I know I'm going to do Pain and Gain early spring but that's it for right now. I'm leaving all my options on the table. I've got several Studio meetings in the next two weeks."

Looks like we'll just have to wait and see.

Stay nerdy my friends.

Via: ComingSoon.net
Source: Vulture