The Wachowskis may not be involved.
According to The Hollywood Reporter, the studio is in the early stages of development for a Matrix relaunch or prequel. Michael B. Jordan is namechecked as a possible star for the new movie. Zak Penn (The Avengers, Pacific Rim: Uprising) is tapped to write the script.
Very little is known about the project, but The Matrix‘s iconic status makes it a difficult choice to reboot—especially if the Wachowskis are not onboard. The two visionary writer/directors worked with Warner Bros. for most of their joint career, but have been focusing on their Netflix series Sense8 since the release of Jupiter Ascending in 2015.