Disney reveals Toy Story 5 is officially in development

If you cried your heart out when Toy Story 4 ended get ready to tear open that wound once again.

Disney has revealed a fifth instalment to the long-running franchise is officially in development.

During Disney's latest earnings call, CEO Bob Iger explained that they will be resurrecting some of the biggest titles in the company's history.

“Today I’m so pleased to announce that we have sequels in the works from our animation studios to some of our most popular franchises, Toy Story, Frozen and Zootopia," he said, according to Collider and Deadline.

“We’ll have more to share about these productions soon, but this is a great example of how we’re leaning into our unrivaled brands and franchises.”

It's tough to know what direction they will go in for the fifth movie considering how the fourth was kind of wrapped up in a nice little bow.

Pixar/Disney

But, then again, everyone said that when the fourth movie was announced because the third was really wrapped up nicely.

So, it will be interesting to see how they will play it.

At the end of Toy Story 4, Buzz Lightyear encouraged Woody to go with Bo Peep and become 'Lost Toys' at the carnival.

He leaves the gang he's lived with for years to go on a new adventure with Bo, her sheep, McDimples, Duke Caboom, Bunny and Ducky.

Woody hands over his badge to Jessie and says she's the sheriff now and has to look after Bonnie (Andy's younger sister) while he travels with the carnival to help prized toys find new owners.

Toy Story 5 could focus on Woody and Bo Peep's new life as 'Lost Toys' or it could be about Buzz Lightyear and his pals.

I mean, what we would love is seeing the whole group reunite for another whacky adventure that leaves us all in tears again.

Toy Story 4 brought in a whopping $1.07 billion at the box office when it dropped in 2019, so it's no real surprise that Disney wants another slice of the action.

Similarly, Frozen 2 earned $1.45 billion and Zootopia had a $1.02 billion box office bonanza.

They've also proved to be fairly impressive when they're judged by the top dogs.

Toy Story 4 was nominated for two Oscars while Zootopia actually won an Oscar for Best Animated Feature in 2017.

Frozen also won Best Animated Feature and Best Original Song for 'Let It Go', while the sequel picked up another Best Original Song nomination for 'Into The Unknown'.