Lorenzo Di Bonaventura spoke with MTV at Toy Fair 2012. The big question was whether there would be a new Transformers movie. He replied pretty directly saying a new movie would be coming out in theaters in 2014 with Michael Bay slated to direct. Nothing else is really known yet, but it will be a whole new story. Watch the video above to see what Bonaventura had to say and leave a comment below to tell us what you think.

Updated 2/14/12: Confirmation from Michael Bay

To clarify uninformed reports coming out of Toy Fair – Steven Spielberg and I are working on a whole new re imagining of Transformers, the fourth installment. We have been working on the idea for a few months. I’m excited about where it’s headed.

It is worth noting neither the press release nor Bay’s own statements confirm he will direct, but do confirm he is working on the production.

Press Release from Paramount after the jump.

FIRST UP FOR THE PROLIFIC FILMMAKER IS �PAIN AND GAIN� STARRING MARK WAHLBERG AND DWAYNE �THE ROCK� JOHNSON, FOLLOWED BY A NEW INSTALLMENT IN THE HUGELY POPULAR �TRANSFORMERS � FRANCHISE, TO BE RELEASED ON JUNE 29TH, 2014 HOLLYWOOD, CA (February 13, 2012) � Paramount Pictures announced today that director Michael Bay has signed a two-picture deal with the studio, which will commence this spring with the filming of �Pain and Gain,� and will be followed by the next installment in the hit �Transformers� franchise. Based on a true story, �Pain and Gain� follows a group of bodybuilders who engaged in a campaign of kidnapping, extortion and murder in Florida. First told in an article from the Miami New Times, �Pain and Gain,� will be directed by Bay and will star Mark Wahlberg and Dwayne �The Rock� Johnson. Expected to begin production in early spring, the movie�s producers include Bay, Donald De Line and Ian Bryce. Following �Pain and Gain,� Bay will bring audiences a new take on the �Transformers� franchise as he begins production on the fourth installment in the hit series of movies based on the best-selling Hasbro toyline. The third, and most recent installment of the franchise, �Transformers: Dark of the Moon,� is the fourth highest global grossing film of all time with 1.24 billion dollars of worldwide box office success. Directed by Bay, the movie will re-unite the filmmaking team from the hit franchise, including producers Lorenzo di Bonaventura, Don Murphy, Tom DeSanto and Ian Bryce; and executive producers Steven Spielberg, Bay, Brian Goldner and Mark Vahradian. Paramount Pictures will release the film on June 29th, 2014. �Michael has been working on PAIN AND GAIN for a number of years but has patiently waited for the perfect casting to trigger a start,” said Adam Goodman, President of Paramount�s Film Group. “Clearly his patience has paid off as we couldn’t be more excited about this combo. His passion for this project is just awesome.”