Steven Spielberg is set to oversee creative aspects of Transformers 8 alongside Lorenzo di Bonaventura while serving as an executive producer, sources told Variety. Jason Fuchs is writing the new Paramount live-action project, which is set in the present day. No director has been announced, and most casting discussions remain at an early stage. Spielberg has previously worked on the franchise in a producing capacity. The report does not confirm that he will direct the eighth film, that filming is complete or that an official release date has been set.