Bay 'to meet on Transformers 3 release date'

Rex Features

Michael Bay has revealed that he is having a meeting this week to discuss the release date of Transformers 3.

DreamWorks and Paramount had previously greenlit the latest instalment to open in cinemas on July 1, 2011.

However, the 44-year-old filmmaker recently admitted that he wanted "to take some time off" from the franchise. Prior to that statement, he said that he was not interested in helming future Transformers films.

According to his website, Bay will be meeting with Steven Spielberg and screenwriter Ehren Kruger later this week to discuss ideas for the project's third cinematic outing. He also explained that he will have a better idea of when the proposed venture will make its big screen debut.

The helmer earlier defended star Megan Fox, after the film crew blasted her in an open letter as being "ungracious".