Wachowski is set to write and direct a fourth science fiction film set in the world of "The Matrix," with Reeves and Moss reprising their roles as Neo and Trinity, respectively, reports variety.com.
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Production company Warner Bros. Pictures and Village Roadshow Pictures will produce and globally distribute the film. Warner Bros. Picture Group chairman Toby Emmerich made the announcement on Tuesday.
"We could not be more excited to be re-entering 'The Matrix' with Lana," said Emmerich. "Lana is a true visionary -- a singular and original creative filmmaker -- and we are thrilled that she is writing, directing and producing this new chapter in 'The Matrix' universe," he added.
In addition to Wachowski,