Fans of the 'Transformers' movies will be delighted to know that not one but four more sequels to the explosive and metal-grinding extravaganza, which Hasbro and Paramount Pictures treats as a movie franchise, are currently underway.

According to TFW 2005, the news was recently confirmed at the MIP Junior Conference 2015 in Cannes, France.

Hasbro Studios chief Stephen J. Davis said during his keynote speech that the studio's Writers' Room has already set up the groundwork for four "Transformers" live-action films in the next 10 years. The group was able to conceptualize the said plans in a span of three "successful" months.

"We decided we wanted to plot out the next 10 years of the Transformers franchise, so we got together in a 3 month period of time...nine of some of the most creative writers I have ever worked with," said Davis via Comic Book.

He added that the group is being spearheaded by Akiva Goldsman, a multi-awarded writer best known for his screenplay adaptation of 2001's "A Beautiful Mind," for which he won an Academy Award and a Golden Globe.

The "Transformers" writers' Room includes "The Walking Dead" creator Robert Kirkman, "Black List" writers Geneva Robertson-Dworet and Christina Hodson, "Lost" showrunner Jeff Pinker, and "Daredevil" season 1 writer Steven DeKnight.

Bringing their full-length feature film screenplay expertise to the upcoming "Transformers" sequels are Art Marcum & Matt Holloway from "Iron Man," Andrew Barrer and Gabriel Ferrari from "Ant-Man," Ken Nolan from "Black Hawk Down," and Zak Penn from "X-Men: The Last Stand."

"They plotted out the next ten years of Transformers. Similarly we are doing the same in television and digital. So stay tuned Transformers 5 is on its way. ...And 6 and 7 and 8," said Davis.

News of the collaboration first broke six months ago.

Cinema Blend reported that Hasbro and Paramount Pictures wanted to pattern the "Transformers" franchise to the current state of blockbuster superhero films. They plan to do so by investing in multi-part sequels.

Even though the franchise has dipped in popularity among movie critics, it can't be denied that the "Transformers" films do make large sums of money. Last year's "Transformers: Age of Extinction" raked $1.1 billion globally, proving that the franchise still has a strong following.

New creative minds behind the upcoming "Transformers" sequels could help the franchise win back some fans, who might have been turned off by Michael Bay's directorship. Bay is still attached in some capacity to the project, but the extent of his involvement is still unknown.

For the record, "Transformers 5" doesn't have a director yet. Many assume that the position will be filled by Bay. However, the 50-year-old "Pearl Harbor" director said on Twitter that he has "not committed to any idea as of yet."