EXCLUSIVE: Universal Pictures has tapped the director of one of the studio’s most lucrative and successful franchises to take on the fifth installment of The Bourne Identity franchise. Justin Lin will direct the sequel to the Tony Gilroy-directed The Bourne Legacy, the pic that kicked off storyline of Aaron Cross, the character played by Jeremy Renner. Renner is set to return as Cross in a story hatched by ‘Invictus’ and ‘Sherlock Holmes’ scribe Anthony Peckham. Frank Marshall and Captivate Entertainment’s Ben Smith and Jeffrey Weiner are also back as producers, and Lin also will produce through his Perfect Storm banner. I’m hearing a summer 2015 release is being eyed for this one, though the studio is saying it doesn’t know when it will open. Universal chairman Donna Langley, co-president of production Peter Cramer, and VP Production Anikah McLaren will oversee the project for the studio. Bourne Legacy, released in 2012, grossed $276 million worldwide.

Lin has plenty of fans at Universal, where he came aboard a flagging Fast & Furious franchise and put it back on the fast track: the last three installments have grossed $1B collectively. He was key to making it probably the studio’s most valuable franchise — especially overseas and among younger fans. Universal has a seventh installment in the works as well as new installments of The Mummy and Jurassic Park.

Lin is repped by CAA, Cinetic Management and Sloss Eckhouse Law Co.