'Transformers 5' and More Spinoffs: 'Walking Dead' Creator Robert Kirkman Joins the Team

Mark Wahlberg at the 'Transformers: Age of Extinction' Sydney premiere

Paramount continues with its plans for the "Transformers' cinematic universe as the studio, alongside Hasbro, will be working once again with Michael Bay, who previously directed the four "Transformers' films.

This time, Bay has been set to produce the future movies in the franchise along with Steven Spielberg and Lorenzo di Bonaventura, both of whom have already worked with the franchise since its first installment in 2007.

"The Walking Dead' creator Robert Kirkman will also be joining the writing team for upcoming "Transformers' films together with screenwriters Art Marcum and Matt Holloway of "Iron Man', Zak Penn of "Pacific Rim 2' and Jeff Pinkner of "The Amazing Spider-Man 2.'

The group of new writers will be working alongside Akiva Goldsman ("I Am Legend'), who was assigned to be in charge of generating future film projects based on the Transformers line.

""¦We think there's any number of stories to be told. It's a brand that's been around for 30 years with amazing canon and mythology," Hasbro President and CEO Brian Goldner said. "We would expect the sequel to the Transformers movie to happen in 2017."

Last March, Paramount was first reported to have been putting together a "writer's room" for the movie franchise due to its goals of developing "multi-part Transformers sequels" together with "potential spin-off films."

Bay reportedly plans to begin working on the next movie as soon as his work on Benghazi drama "13 Hours' is finished.

"Transformers' actor Mark Wahlberg, who previously starred in the "Age of Extinction' movie with Nicola Peltz and Stanley Tucci, can still be expected to make an appearance in the franchise's future films.

This year, Wahlberg's return to the big screen has been marked by the announcement of him becoming producer for "Patriots' Day.' The movie highlights the events in searching for Dzhokhar Tsarnaev, the main suspect in the bombing of the 2013 Boston Marathon.

The "Lone Survivor' actor is also reportedly in talks to play a leading character in the film as he does not have an impending project to work on next. Wahlberg and Scott Stuber, a co-producer on "Patriots' Day', recently worked together on the comedy sequel "Ted 2.'

 "Yeah, I committed to doing a couple more. I can't speak for Mr. Bay, but something tells me we'll be on set soon," Wahlberg said, when asked about his comeback in future "Transformers' movies.

Released in 2014, "Age of Extinction" has already pulled in $1 billion at the global box office while all four "Transformers' movies combined have raked in a whopping $3.7 billion.