Warner Bros. has announced a new Matrix movie with Drew Goddard as the writer and director, following a critical and commercial letdown. Keanu Reeves has confirmed his interest in returning as Neo for The Matrix 5, but only if Lana Wachowski invites him back to the franchise. Lana Wachowski is not directing The Matrix 5, but her involvement as a producer could influence Reeves' decision to reprise his role as Neo.

The Matrix 5 is happening, and Keanu Reeves already confirmed his only condition to return as Neo. Warner Bros. surprisingly put another Matrix movie into development in early 2024 with the announcement that Drew Goddard was tapped to write and direct a new installment. The Matrix 5 entered development only three years after The Matrix Resurrections appeared to wrap up the franchise with a critical and commercial disappointment. Details on the fifth Matrix movie are scarce, including whether Keanu Reeves and Carrie-Anne Moss will return.