The Transformers filmmaker is said to helm a project that will be Warner Brothers' answer to Deadpool, hiring the help of a Wonder Woman screenwriter.
The director might have said that The Last Knight is his farewell to the franchise, but a new filmmaker will have the chance to develop over a dozen fresh titles.
Footage show at CinemaCon has spilled the beans on the meaning behind the mysterious title as Michael Bay preps for an adaptation of Hunting El Chapo.
The 51-year old wrote his final goodbye to a series he has helped to make billions at the box office, walking away from the franchise once and for all.
The filmmaker outlined that he wants to stick to worlds that he has created and maintains complete control, something these two franchises cannot offer.
The upcoming 2017 blockbuster will be going back in time as the director shares some insights into the big budget production.