At the moment, that is all that is happening – despite the trade magazine's sources bringing word that Michael B. Jordan (Creed) is the focus of chatter about a potential new leading man, nothing has been decided beyond working up some fresh ideas. And the shape of this thing is still embryonic, with no sign yet as to if it will attempt to reboot the universe or set up more sequels in the same world.
Siblings Lana and Lilly Wachowski, who created the original trilogy, are currently not involved – nor is Keanu Reeves, who was turned into an action icon through the story of a man discovering that the world is a computer generated illusion wrought by machines to keep an enslaved human populace docile as they are used for energy. The combination of cutting edge special effects, martial arts and philosophy became a sensation back in 1999, spawning the back-to-back sequels The Matrix Reloaded (2003) and The Matrix Revolutions (2003). The studio would at least want the Wachowskis to give their blessing. And while we would be delighted for Reeves – still kicking ass, albeit as John Wick – to return, he has said he would only consider it if they were on board.
So for now, this will bubble away in development as various spin-off options are considered. Though Warner Bros had been looking at a Matrix based TV series recently, that idea is on hold while the film version is developed. Will anything happen this time? As always, watch this space.