"We're gonna be seeing a lot more transforming." Hasbro announced that "Transformers" sequels 5, 6, 7 and 8 are in the works during a Q&A, IGN reported.

"You're going to see a new 'Transformers' movie coming from Hasbro and Paramount and Michael Bay and our other partners," said Hasbro's Steven J. Davis, in a keynote speech at MIPJunior2015, according to Entertainment Weekly.

"In fact, we just finished, as some of you may have read, just an incredible experience. We decided that we wanted to plot out the next 10 years of the 'Transformers' franchise, so we got together in a room over a three-month period of time.

"Nine of some of the most creative writers I have ever worked with, shepherded by Akiva Goldsman, who many of you may know won an Academy Award for 'A Beautiful Mind' and written a bunch of great movies," he added. "And they plotted out the next 10 years of Transformers. Similarly, we are doing the same in television and in digital. So stay tuned, Transformers 5 is on its way, and 6 and 7 and 8."

Paramount, the studio behind the "Transformers" films, previously confirmed that the franchise would be expanding with sequels and spin-offs. However, the only confirmed sequel was "Transformers 5," which Goldsman is currently writing, according to Variety.

The fifth installment in the franchise has not yet signed on a director, and Michael Bay tweeted last month that nothing was official yet regarding him directing the movie, stating that he has "not committed to any idea as of yet."

Watch the video of the Q&A below:

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