DreamWorks Animation has officially announced the development of "Shrek 5," set to be released on July 1, 2026. Original stars Mike Myers, Eddie Murphy, and Cameron Diaz are confirmed to return, but Antonio Banderas' return as Puss in Boots is still uncertain. The film will be directed by Walt Dohrn and produced by Gina Shay and Chris Meledandri. Murphy has revealed that he has already begun voice recording for the film and hinted at a Donkey spinoff movie. Universal Pictures has tasked Meledandri with overseeing the revival of the "Shrek" and "Puss in Boots" franchises, while staying true to the original vocal performances. The success of the recent "Puss in Boots" film has reignited interest in a new "Shrek" movie, with negotiations underway to bring back the original cast. Fans can expect to revisit the beloved swamp-dwelling ogre and his companions in this highly anticipated sequel.