From Deadline:

EXCLUSIVE: Paramount Pictures wants more Transformers. Taking a page from Fox’s incubation of three Avatar sequels and what Disney is doing to revive Star Wars with a sequels and spinoffs, the studio is negotiating with Akiva Goldsman to work with franchise director Michael Bay, exec producer Steven Spielberg and producer Lorenzo di Bonaventura to organize a “writer’s room” that will incubate ideas for a potential multi-part Transformers sequel, and come up with potential spinoff films based on the billion-dollar franchise culled from the Hasbro toy line
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