The studio has released a trailer for the game, confirming that players will have the choice between allying with the Autobots or the Decepticons.
The game will bridge the gap between the Transformers movie universe and the world depicted in 2012's Transformers: Fall of Cybertron and its predecessor War for Cybertron.
Edge of Reality will shoulder development responsibilities, replacing Activision-owned High Moon Studios.
Elsewhere, Runescape developer Jagex Games is working on an MMORPG based on the popular Hasbro toys, titled Transformers Universe.
Transformers: Rise of the Dark Spark will make its PlayStation 4, PlayStation 3, Xbox One, Xbox 360, PC, Wii U and 3DS debut later this year.
Watch a trailer for Transformers Universe below: