Michael Bay: I want to make Bad Boys 3
Bad Boys was released in 1995 and starred Will Smith, Martin Lawrence and Lisa Boyle. It told the story of two detectives, who have to protect a murder witness while investigating a case of stolen heroin.
It was followed by 2003's Bad Boys II, which starred Smith, Lawrence and Gabrielle Union.
According to the MTV Movies blog, Bay said the reason a third instalment of the franchise hasn't happened is because of scheduling issues.
"We talk about [Bad Boys 3]," he said. "It's hard to get our schedules together but it's great working with those guys."
Bay's latest film – Transformers: Dark of the Moon – hit UK cinemas this week.
He is director and executive producer of the movie, which stars Shia LaBeouf, Rosie Huntington-Whiteley and Tyrese Gibson.
Bay is also set to produce The Hauntrepreneur, due for release next year.