Reeves, who played Neo in the first three Matrix movies, spoke about the upcoming sequels at a Q&A session in London, according to Ain't It Cool News.
Reeves said that he met with the Wachowski brothers at Christmas time, where they apparently stated that "they had completed work on a two-picture script treatment that would see him return to the world of The Matrix as Neo".
The Wachowski brothers will finish working on their current adaptation of Cloud Atlas before allegedly meeting with Reeves once again to discuss the Matrix sequels.
The Wachowski brothers are also working on an adaptation of Robin Hood called Hood that is set in the future. Will Smith is believed to be starring in the project.