The film, starring Vin Diesel, Paul Walker and Dwayne 'The Rock' Johnson, has already been confirmed to be shooting scenes in Glasgow, and is rumoured to be planning on filming sequences in Southend-on-Sea.
Producer Neal H. Moritz announced the plans to film 'ambitious and dramatic set pieces' around King's Cross, Wembley and Canary Wharf while speaking at the 'Designing 007: Fifty Years of Bond Style' event held by the government-backed Film London, according to The Hollywood Reporter.
Moritz said: "We're excited to bring the next chapter of the Fast and Furious franchise to one of the world's most amazing cities.
"The locations that are available only in London play an integral part of our story, and we're grateful to the people of the city for welcoming the production as we film here."
Mayor of London Boris Johnson was also present at the event, noting that the film industry in and around London supports 70,000 jobs and boosts the economy to the tune of nearly £1 billion of spending each year.
He added: "London has an incomparable film heritage - from Hitchcock to Harry Potter via Hammer and Harold Shand, this city has been home to some of the greatest and most beloved films of all time.
"And thanks to the unique opportunities for film-makers, including a world-class roster of talent in front of and behind the camera, and amazing locations that are recognisable the world over, we are delighted that more and more productions are deciding to set up shop in London."
Watch the trailer for Fast Five below: