Untitled Shrek reboot

Development
In February 2014, in an interview with Fox Business Network, Katzenberg hinted that a fifth film still may be made, saying, "We like to let [the characters] have a little bit of time to rest. But I think you can be confident that we'll have another chapter in the Shrek series. We're not finished and, more importantly, neither is he."

On June 15, 2016, after NBCUniversal purchased DreamWorks Animation for $3.8 billion, NBCUniversal's president and chief executive officer Steve Burke discussed plans to revive the franchise, as well as other DreamWorks films. In July 2016, The Hollywood Reporter cited sources saying that a fifth film was planned for a 2019 release. In September 2016, Eddie Murphy confirmed that the film was expected to be released in 2019 or 2020, and that the script had been completed. In October 2016, Mike Mitchell stated that Austin Powers screenwriter Michael McCullers had written a script based on his own original idea. In March 2017, asked about the script, McCullers said it featured "a pretty big reinvention" for the film series.

On November 6, 2018, it was reported by Variety that Illumination's CEO and founder Chris Meledandri had been tasked by Universal Pictures to revive both Shrek and Puss in Boots film series, with the original cast potentially returning.