If you’re one of those people who just absolutely go nuts over the Transformers movies then you should be happy to know that these new updates from Transformers director Michael Bay regarding the next sequel in the Transformers franchise.

According to Bay’s official website, he will be meeting with Steven Spielberg and Ehren Kruger (producers of the franchise) to discuss the sequel. The plan is to release the third installment in Summer 2011 or 2012.

Bay has also indicated that he will possibly be directing two movies before he puts Transformers 3 on his schedule. One of these movies will be another sequel, Bad Boys 3.