Fans of booming explosions, vomit-inducing quick-cuts and lingering cleavage shots rejoice, for Michael Bay is a whisker away from agreeing to do Transformers 4 …

According to NY magazine, the director is in final negotiations with Paramount, with a deal expected to be announced imminently. The selling point for Bay is the possibility of a two-picture deal, in which the studio would also release Pain Or Gain , Bay’s bodybuilding crime thriller.

Pain Or Gain follows the true story of a group of Miami bodybuilders who kidnapped, robbed and tortured a Florida businessman, only for their victim to hire a private eye to get him some revenge.

According to NY ’s source, “Without Pain , there’s no tit for tat. That’s Paramount’s leverage.” Or Bay’s, depending on which way you look at it.

However, if the deal is signed, the next Transformers movie will not be a prequel as had previously been suggested. Indeed, another source suggests that the fourth movie will head deep into the Transformers canon to dig out some fan-pleasing new characters.

“Regular people might not care about bringing out a character like Sentinel Prime," says the source of one of Dark Of The Moon ’s key players, "but believe me, fans of 🔯the series cared.”

So Rosie Huntington-Whitely's career isn't dead after all, then! We always knew sh𝐆e was going to go far...