Hasbro's CEO Brain Goldner is rumored to have confirmed the sequels.
Several movie news outlets are reporting that Hasbro is planning Transformers 4 and 5.
Goldner confirmed the sequels during a conference call on Monday. Later, in an official statement, he said: "We continue to actively develop a number of additional Hasbro films with great partners and writers.
"This includes Micronauts, Ouija, Candy Land, Risk, Stretch Armstrong, Clue, and Monopoly."
However, Michael Bay has denied any involvement in the project. He updated his website with a statement that read: "I am currently not talking to Paramount on T4 and T5 despite reports. I’m looking at a lot of possibilities coming my way right now weighing options."
Despite Bay’s denial, Goldner claims that Hasbro is in talks with the director of the trilogy.