According to The Hollywood Reporter, Warner Brothers is reportedly developing a new film in The Matrix franchise, which includes the successful trilogy: The Matrix (1999), The Matrix Reloaded (2003), and The Matrix Revolutions (2003). However, the Wachowski siblings, who wrote and directed the original trilogy, are not yet involved in the project.
During the promotion of John Wick 2, Keanu Reeves was asked if he would consider returning for a Matrix sequel. He responded by saying that the Wachowskis would have to be involved in writing and directing, and that he would need to see the story before committing.
It is currently unknown if the film would be a soft reboot, involving Neo’s character, or if it would focus on a new character. However, Michael B. Jordan has been rumoured to be in consideration for the lead role.
Personally, I believe that The Matrix doesn’t necessarily need a reboot or a remake. Nonetheless, given that the original film is now 18 years old, there’s a new generation of viewers who may not have had the chance to experience it, which could explain why Warner Bros is considering it.