A fifth “Matrix” movie is on the way

(CNN) — Anyone want the red or blue pill?

The popular “Matrix” movie franchise will expand with an upcoming fifth installment. Lana Wachowski, the film's original co-writer and co-director, will serve as executive producer.

Oscar-nominated screenwriter Drew Goddard will write and direct the film with his producing partner Sarah Esperck, according to a press release sent out Wednesday by film studio Warner Bros. Motion Picture Group. (Warner Bros. Motion Picture Group is part of the same parent company as CNN, Warner Bros. Discovery.)

Warner Bros. Motion Pictures president of production Jesse Ehrman said in a statement Wednesday that Goddard “came to Warner Bros. with a new idea that we all believed would be an incredible way to continue the world of The Matrix, which Lana and Lily (Wachowski) started 25 years ago, and his passion for the series and the characters. He offered a unique perspective based on personal love.”

Plot and cast details are yet to be revealed. It is also unknown if “Matrix” franchise Keanu Reeves will return as his iconic Neo.

A representative for Reeves did not respond to CNN's request for comment on the new project.

Goddard made his directorial debut with the acclaimed horror film “The Cabin in the Woods” in 2011, and wrote and executive produced “The Martian” in 2015. In the process he earned an Oscar nomination for Best Adapted Screenplay.

“The Matrix” was released in 1999 and starred Reeves, Laurence Fishburne, Hugo Weaving and Carrie-Anne Moss. The dystopian sci-fi film features Neo (Reeves), a computer hacker who is invited to join a cyber-espionage rebellion after discovering that humanity is trapped inside a simulated reality known as the Matrix.

The first film of the now classic film grossed over $467 million at the time and became one of the most profitable releases of the year. He won four Academy Awards and produced three sequels, including “The Matrix Reloaded” and “The Matrix Revolutions” in 2003 and “The Matrix Resurrections” in 2021.

In its 25 years, the franchise has grossed nearly $2 billion worldwide, according to the film studio.