Diesel and Walker sat out the third chapter in the series but returned for last year's fourth installment, which was the highest-grossing "Fast and Furious" film and Universal's top grosser of 2009. Its box office hit more than $350 million worldwide.
Chris Morgan is writing "Fast Five," marking the third time he and Lin have teamed for a "Fast and Furious" film. The story finds Dom (Diesel) and Brian (Walker) as fugitives being pursued by relentless lawmen.
Filming will begin later this year with a release for 2011.
Source: Variety.com