Paramount Pictures is looking to revamp its “Transformers” franchise in a big way, as sources tell Variety two simultaneous scripts are now in active development: one by James Vanderbilt and one by Joby Harold.

Paramount’s most recent take on the franchise was 2018’s “Bumblebee,” a coming-of-age tale that was produced on a smaller budget than other “Transformers” films. That different approach went over well with both critics and audiences, grossing $465 million worldwide and opening up a new opportunity to continue the franchise, with the studio now expanding the “Transformers” universe with the development of two scripts.

Details behind both scripts are still vague, but sources say they present an opportunity build out multiple storylines within the franchise.

No directors have been attached to either script and it’s also likely that both projects will feature brand-new casts.

“Transformers” has been one of Paramount’s biggest draws since the franchise was launched in 2007, grossing more than $4 billion worldwide over the course of five films. Following the release of 2017’s “Transformers: The Last Knight,” director Michael Bay parted ways with the series to focus on new original material. After that, the studio decided to do a full revamp of the property, starting with a writers’ room that would develop multiple ways to pursue a new film, leading to “Bumblebee.”

The studio still views “Transformers” as a top priority, with hopes to attach directors to each script as soon as possible.

Vanderbilt has been busy jumping back and forth from writing and producing duties over the past few years, most recently penning and producing the Netflix comedy “Murder Mystery” as well as producing the Fox Searchlight horror pic “Ready or Not.” Harold has had similar duties, most recently exec producing “John Wick: Chapter 3 — Parabellum” while also penning Zack Snyder’s “Army of the Dead.”

The Vanderbilt project, from what I heard, is based on Transformers spinoff Beast Wars which are robots that transform into robotic animals like Cheetor (Cheetah), Optimus Primal (Gorilla), Rhinox (Rhinoceros) and more. Vanderbilt has been on the project since April. There’s news today that one project is based in the Bumblebee universe.

EXCLUSIVE: Following a lengthy search, Paramount Pictures and Hasbro Studios have set Steven Caple Jr. to direct the new Transformerspic in the reinvented universe. Insiders add while negotiations have yet to begin, he is the top choice among studio execs and producers and a deal should close in the coming weeks. After meeting with several top execs including Paramount Motion Picture President Emma Watts, the studio saw Caple as the best fit for the franchise that the studio chose to revamp at the top of the year.

In January, the studio made the decision to give the entire franchise a revamp by having two simultaneous scripts that are in active development: one by James Vanderbilt and one by Joby Harold. Harold’s film eventually would be chosen as the next installment in the franchise, and once he had given his final touches on the script at the end of the summer, the studio began taking director pitches on the next film.

Following news that the studio was already in development on a separate Transformers movie from Charm City Kings Angel Manuel Soto, its other film looks to have found its lead. Sources tell Deadline, that Anthony Ramos is in final negotiations to star in a Transformers movie for Paramount, eOne and Hasbro that has Steven Caple Jr. is directing. Last week it was announced the studio was also developing an untitled pic from Soto that would be completely different from this pic and it has always been the plan to have multiple projects in pre-production at the same time. They are also developing an animated pic from Toy Story 4 director Josh Cooley.

Last January, the studio made the decision to give the entire franchise a revamp by having two simultaneous scripts that are in active development: one by James Vanderbilt and one by Joby Harold. Harold’s film eventually would be chosen as the next installment in the franchise and after meeting with several directors this past fall, Caple was tapped to lead this new series and essentially putting this film in the position to be the next live-action Transformers pic to go into production.

While execs will now look to do screen and chemistry tests with his female co-star, Ramos always seemed to be the top choice from the day Caple came aboard. Those tests with possible co-stars will happen soon with decision on that casting coming next month. Sources Kiki Layne and Dominque Fishback are among those meeting for the role.