Director Michael Bay has announced to the world that although Transformers 4 will not be his next movie, the helmer will be making that film and it will hit theaters June 29, 2014.

“There has been a lot of speculation about what I'm going to do next and when or if I will do another Transformers. So let me set the record straight,” Bay said in a statement. “I have just concluded a deal with Paramount to do two movies, but it won't be two Transformers.”

Bay will next tackle Pain & Gain with Mark Wahlberg and Dwayne Johnson, then settle into the world of Autobots once again for the fourth installment in the Transformers series.

UPDATE: Wahlberg has been cast in the lead of Transformers 4!