The rumor mill has been churning quite a bit lately in regards to a possible new Matrix movie, with new reports suggesting that one or both of the Wachowskis will return to direct a fourth installment starring Michael B. Jordan.
Back in 2017, THR originally reported Warner Bros. was starting to develop a “relaunch” of The Matrix franchise starring Jordan with a script by Zak Penn (co-screenwriter of Ready Player One). At the time, the involvement of the Wachowskis was undecided, but one new rumor from The GWW says Lana Wachowski will return to direct the fourth Matrix film, which will shoot in Chicago under the working title “Project Ice Cream.”
Source: IGN.com The Matrix 4 Rumor: Wachowskis Returning to Direct Fourth Movie