It’s been suspected for a long time, but it seems to be official now that Michael Bay will return once again to direct Transformers 5.
In a profile on him in Rolling Stone for his Benghazi movie 13 Hours, there’s this bit about Transformers:
Finally, there’s Transformers. They show Bay an underwater rendering of a crash-landed alien spaceship, then a new dump-truck Transformer with a cloak. Neither are up to snuff. “Boy, I’ve got a lot of work to do,” Bay says, shaking his head. “I better finish this fucking 13 Hours movie.” He thanks ILM and kills the video link, then turns to me. “It’s not good when I’m not involved.”
“The movie industry has really changed,” Bay says, apropos of nothing. “The middle-[budget] movie is basically gone. They just want these big movies.” (The irony of this statement goes unremarked-upon.) “Transformers, I still have a great time. It’s fun to do a movie that 100 million people will see. But this is the last one. I have to pass the reins to someone else.”
It sounds like he’s already working with ILM on concepts for new Transformers, such as the dump truck one with a cloak. The crashed alien ship underwater seems to be the fifth movie’s version of a secret Transformers piece of history hidden on Earth that humanity just always over looked. It’s the common McGuffin in every movie…